BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial forecasting
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Bookkeeping
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Cost accounting
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Internal auditing
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Detailed explanation-1: -The answer is B) Reporting financial information to the shareholders.
Detailed explanation-2: -Expert-Verified Answer. The main instrument of management accounting is financial statement analysis. We collect four income reports in this tool: a financial statement, a balance sheet, a cash flow statement, and a fund flow statement. A profit and loss statement is not a financial analytical tool.
Detailed explanation-3: -Bookkeeping is the necessary process of tracking and recording all income and expenditure transactions. It is a necessary foundation of business accountants, but it is not the same thing.
Detailed explanation-4: -Answer and Explanation: The correct answer is b. managerial accounting information is not required by various laws is the correct answer.