A: to provide financial information that is useful to decision makers.
B: to meet the legal requirements of the Financial Accounting Standards Board (FASB).
C: to allow the government to track business activity levels.
D: to compute the profit or loss and declared dividend of a business firm.
举一反三
- The<br/>Financial Accounting Standards Board has the responsibility for<br/>setting accounting and financial reporting standards for ( ) A: All federal and state<br/>organizations. B: All not-for-profit<br/>organizations that are nongovernmental and business entities. C: All not-for-profit organizations. D: Both B) and C) are correct.
- All of the following statements regarding accounting information systems are true except: A: Accounting information systems collect and process data from transactions and events. B: Accounting information systems organize data in useful forms. C: Accounting information systems do not establish internal control procedures. D: Accounting information systems are crucial to effective decision making. E: Accounting information systems communicate information to business decision makers.
- All of the following statements regarding accounting information systems are true except: A: Accounting information systems do not establish internal control procedures. B: Accounting information systems collect and process data from transactions and events. C: Accounting information systems are crucial to effective decision making. D: Accounting information systems communicate information to business decision makers.
- Who issues International Financial Reporting Standards? A: The IFRS Advisory Committee B: The stock exchange C: The International Accounting Standards Board D: The government
- The financial information provided by an accounting system is needed by managerial decision makers to help them plan and control the activities of the economic entity.
内容
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中国大学MOOC: The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct?
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Generally<br/>speaking, accounting have two different types: one is financial<br/>accounting and the other is ( ). A: taxable<br/>accounting B: cost accounting C: management<br/>accounting D: business accounting
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Managerial accounting targets external users of accounting information while financial accounting targets internal users of accounting information（）
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A balance sheet reflects the business’ financial performance for an accounting period.
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Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Reporting standards ensure that the information in financial statements is useful to a wide range of users.