The primary objective of financial accounting information is to provide useful information about economic activity to:

Question

BlackTom AI · Accepted Answer

The question asks about the primary objective of financial accounting information.
Option 1: Regulators. While regulators use financial information to assess compliance and enforce rules, this is a secondary stakeholder group in terms of the primary objective of financial accounting, which is decision-useful information for those who allocate scarce resources.
Option 2: Academicians. Researchers and educators may study financial statements to analyze theories or educate students, but they are not the primary users for whom financial accounting information is designed to aid economic decisions.
Option 3: Management. Internal managers rely on managerial accounting and internal reports for planning and control. Financial accounting information is useful externally, and management decisions rely more on internal systems rather than the general-purpose external statements.
Option 4: Capital providers. This group includes investors, lenders, and others who provide resources to a company. Financial accounting aims to provide decision-useful information about the entity’s economic activity to help these external providers assess performance, risk, and potential return, enabling resource allocation decisions. This aligns with the core purpose of external financial reporting under most accounting frameworks.

The primary objective of financial accounting information is to provide useful information about economic activity to:

查看解析

登录即可查看完整答案

类似问题

Which one of the following is not an external user of financial information?

Activity 1.14 c) Which of the following groups of users would primarily be interested in a company's annual published financial statements?

In the Conceptual Framework for financial reporting, which of the following is defined as the primary users of financial reports? Select answer from the options below

Which of the following organisations may use financial statements? 1. Australian Taxation Office 2. A church congregation 3. A university

Financial accounting is designed primarily for decision makers within the company.

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单