how management explain enhance the usefulness of financial accounting information?
Answers
Answer:Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.
Explanation:
Answer:
It provides investor with a baseline of analysis for and comparison between the financial health of securities-issuing corporations.
It helps creditors assess the solvency, liquidity, and creditworthiness of businesses.
Explanation:
Along with its cousin, managerial accounting, it helps businesses make decisions about how to allocate scarce resources