Financial Accounting Principles Quiz

Forecasting future financial trends

Preparation of financial statements (correct)

Negotiating with stakeholders

Managing day-to-day financial transactions

Business owners, banks, and regulatory authorities (correct)

Stockholders, suppliers, and employees

Government agencies, business competitors, and the general public

Customers, competitors, and the media

Standards specific to a particular industry

Principles for internal management accounting

A set of guidelines for financial accounting used worldwide (correct)

A framework for tax accounting

<p>To provide a set of accounting standards for reporting financial transactions</p> Signup and view all the answers

<p>Both local and international accounting standards</p> Signup and view all the answers