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Questions and Answers
What are the main stakeholders to whom accounting information is conveyed?
What are the main stakeholders to whom accounting information is conveyed?
Investors, creditors, management, and regulators.
What are the different fields into which accounting can be divided?
What are the different fields into which accounting can be divided?
Financial accounting, management accounting, tax accounting, and cost accounting.
What is the focus of financial accounting?
What is the focus of financial accounting?
Reporting of an organization's financial information to external users such as investors, regulators, and suppliers.
What is the focus of management accounting?
What is the focus of management accounting?
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What are practitioners of accounting known as?
What are practitioners of accounting known as?
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