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Questions and Answers
Which term is often used interchangeably with 'accounting' in the text?
Which term is often used interchangeably with 'accounting' in the text?
- Economic entities
- Cost accounting
- Management accounting
- Financial reporting (correct)
What does accounting measure?
What does accounting measure?
- Information about stakeholders
- Results of economic activities (correct)
- Economic activities
- Financial statements
Who are the external users of financial information?
Who are the external users of financial information?
- Accountants
- Management
- Investors (correct)
- Creditors
Which field of accounting focuses on the reporting of financial information to external users?
Which field of accounting focuses on the reporting of financial information to external users?
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What is the main focus of management accounting?
What is the main focus of management accounting?
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