BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is designed to collect the transactional data that provides a foundation for preparing the standard portfolio of reports.
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Financial Accounting
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Production Planning
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Materials Management
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Sales and Distribution
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Explanation:
Detailed explanation-1: -Financial Accounting is designed to collect the transactional data that provides a foundation for preparing the standard portfolio of reports. In general, these reports are primarily, but not exclusively, directed at external parties.
Detailed explanation-2: -The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (GAAP).
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