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Questions and Answers
Which term is often used interchangeably with accounting?
Which term is often used interchangeably with accounting?
- Finance
- Management
- Reporting (correct)
- Economics
What is the main focus of financial accounting?
What is the main focus of financial accounting?
- Internal use by management
- Preparation of financial statements (correct)
- Measurement and analysis of information
- Recording financial transactions
What is the purpose of management accounting?
What is the purpose of management accounting?
- Preparation of financial statements
- Recording financial transactions
- Reporting financial information to external users
- Measurement and analysis of information (correct)
What are practitioners of accounting known as?
What are practitioners of accounting known as?
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Which field of accounting focuses on the measurement and reporting of information for internal use by management?
Which field of accounting focuses on the measurement and reporting of information for internal use by management?
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