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Questions and Answers
Which field of accounting focuses on reporting financial information to external users?
Which field of accounting focuses on reporting financial information to external users?
- Tax accounting
- Cost accounting
- Management accounting
- Financial accounting (correct)
What is the primary purpose of accounting?
What is the primary purpose of accounting?
- To convey information to stakeholders
- To measure the results of an organization's economic activities (correct)
- To process information about economic entities
- To prepare financial statements
What is the term used for practitioners of accounting?
What is the term used for practitioners of accounting?
- Auditors
- Accountants (correct)
- Financial analysts
- Economists
What do practitioners of accounting refer to as synonyms?
What do practitioners of accounting refer to as synonyms?
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Which accounting field focuses on the measurement, analysis, and reporting of information for internal use by management?
Which accounting field focuses on the measurement, analysis, and reporting of information for internal use by management?
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