BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Answer and Explanation: Financial accounting is primarily concerned with proving information to all of the following except b) the management of the firm.

Detailed explanation-2: -The primary objective of financial accounting is to provide business performance information that’s useful to readers outside of the company, such as investors and lenders.

Detailed explanation-3: -What Is the Primary Purpose of Financial Accounting? The primary purpose of financial accounting is to paint a clear picture of a company’s operational performance over a specified period of time, as well as summarize its assets, liabilities and equity at a point in time.

Detailed explanation-4: -Financial accounting provides information not only to internal managers, but also to people outside the organization (such as investors, creditors, government agencies, suppliers, employees, and labor unions) to assist them in assessing a firm’s financial performance.

Detailed explanation-5: -The role of financial accounting is primarily to: assist the company in meeting its legal and financial reporting requirements.