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What role of financial accounting has been evolving more

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Reference no: EM132778341

Porblem 1: Compared to management accounting, financial accounting has traditionally focused more on:

A. Internal rather than external users

B. Learning rather than compliance

C. Responding to current business circumstances rather than reflecting them

D. Reliable rather than relevant information

E. Future oriented information

Porblem 2: The role of financial accounting has been evolving more towards:

A. Preserving value

B. Enabling and creating value

C. Understanding value

D. Deterring value

E. Reporting value

Reference no: EM132778341

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