Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

What is the primary purpose of financial accounting?

A. To provide information that is useful in making investment and credit decisions.
B. To help management in making business decisions.
C. To ensure that a company’s financial statements are accurate and comply with regulations.
D. To track the company’s cash flow and financial performance.

Sagot :

GinnyAnswer

Final answer:

Financial accounting helps organizations make informed financial decisions through analyzing financial statements to understand the organization's financial status and alignment with its mission.


Explanation:

The primary purpose of financial accounting is to help organizations make better financial decisions by providing a clear picture of their financial status through financial statement analysis. This analysis includes assessing where an organization's money is coming from, where it is being spent, and ensuring that its financial activities align with its mission and strategy.


Learn more about Financial Accounting here:

https://brainly.com/question/28506534


Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.