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Questions and Answers
What is the purpose of accounting?
What is the purpose of accounting?
Accounting measures the results of an organization's economic activities and conveys this information to stakeholders.
What are the different fields of accounting?
What are the different fields of accounting?
Financial accounting, management accounting, tax accounting, and cost accounting.
Who are the external users of financial information?
Who are the external users of financial information?
Investors, regulators, and suppliers.
What is the focus of financial accounting?
What is the focus of financial accounting?
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What is the focus of management accounting?
What is the focus of management accounting?
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