Question

What is the general role of financial accounting and reporting?

Answer 1

Answer:

Role of Financial Accounting

In a business, the financial accounting function is responsible for periodically reporting pecuniary information to business owners. ... Financial accounting dictates the amounts you owe to suppliers, what customers owe you, operating costs, payroll costs and available cash

Answer 2

Answer:

roles

Explanation:

financial accounting

is the responsible for periodically reporting pecuniary information to business owner.

in a financial reporting

statement such as an income statement or a balance sheet.