QUESTION 6 Clyde is self-employed and has been for many years. His business receives financial information from his clients, analyzes it and makes useful reports from it. He prepares financial statements for his clients in accordance with generally accepted accounting principles so they comply with the law, but also so they can be understood and relied on by government agencies, lenders, stockholders, employees, suppliers and others who may need to access their financial information. What function is Clyde performing for his clients

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01-06-2021
Business

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QUESTION 6 Clyde is self-employed and has been for many years. His business receives financial information from his clients, analyzes it and makes useful reports from it. He prepares financial statements for his clients in accordance with generally accepted accounting principles so they comply with the law, but also so they can be understood and relied on by government agencies, lenders, stockholders, employees, suppliers and others who may need to access their financial information. What function is Clyde performing for his clients

Sagot :

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-06-03T23:19:29-04:00

topeadeniran2 topeadeniran2

03-06-2021

Answer: accounting

Explanation:

Since we are given the information that Clyde receives financial information from his clients, analyzes it and then makes useful reports from it. This shows that he's performing an accounting function.

One who performs accounting functions will also prepare financial statements for clients which will be in accordance with generally accepted accounting principles.

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