Financial accounting provides economic and financial information for all of the following except

A) creditors.
B) investors.
C) managers.
D) other external users.

Question

Financial accounting provides economic and financial information for all of the followingexceptA)  creditors.B)  investors.C)  managers.D)  other external users.

Agustin Nunez · Accepted Answer

Final Answer : C, Explanation :  Financial accounting provides economic and financial information primarily for external users such as creditors, investors, and other stakeholders outside of the organization. The main purpose of financial accounting is to provide accurate financial information to these external users to make informed decisions about their involvement with the organization. While managers may use some financial accounting information, their primary source of financial information is managerial accounting, which is focused on providing information for internal decision-making purposes.

Financial accounting provides economic and financial information for all of the following except

A) creditors.
B) investors.
C) managers.
D) other external users.

Definitions

Learning Objectives

Learning Objectives

Related questions

Financial accounting provides economic and financial information for all of the following exceptA) creditors.B) investors.C) managers.D) other external users.

Definitions

Learning Objectives

Learning Objectives

Related questions

Financial accounting provides economic and financial information for all of the following except

A) creditors.
B) investors.
C) managers.
D) other external users.