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Questions and Answers
Which field of accounting focuses on the reporting of an organization's financial information to external users?
Which field of accounting focuses on the reporting of an organization's financial information to external users?
- Cost accounting
- Management accounting
- Financial accounting (correct)
- Tax accounting
What is the main purpose of accounting?
What is the main purpose of accounting?
- To record financial transactions
- To measure the results of an organization's economic activities
- To convey information to stakeholders (correct)
- To prepare financial statements
What are practitioners of accounting known as?
What are practitioners of accounting known as?
- Accountants (correct)
- Financial advisors
- Economists
- Business analysts
Which term is often used as a synonym for accounting?
Which term is often used as a synonym for accounting?
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Which field of accounting focuses on the measurement, analysis, and reporting of information for internal use by management?
Which field of accounting focuses on the measurement, analysis, and reporting of information for internal use by management?
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