Podcast
Questions and Answers
What is the primary purpose of accounting?
What is the primary purpose of accounting?
The primary purpose of accounting is to measure and convey the results of an organization's economic activities to stakeholders.
Who are the external users of financial information according to the text?
Who are the external users of financial information according to the text?
The external users of financial information include investors, regulators, and suppliers.
What are the main fields into which accounting can be divided?
What are the main fields into which accounting can be divided?
Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting.
What is the focus of management accounting?
What is the focus of management accounting?
Signup and view all the answers
What are practitioners of accounting known as?
What are practitioners of accounting known as?
Signup and view all the answers
