Asked by Dejanece Thomas on May 03, 2024
Verified
Which of these describes the process of measuring,interpreting,and communicating financial information to enable people inside and outside the company to make informed decisions?
A) Selling
B) Accounting
C) Operating
D) Investing
Accounting
The systematic process of recording, analyzing, summarizing, and reporting financial transactions of a business or individual.
Financial Information
Refers to data encompassing a company's financial status, including earnings, expenses, debts, and investments.
- Recognize the critical role financial statements play in decision-making processes.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
B
Explanation :
Accounting is the process that involves measuring, interpreting, and communicating financial information to help individuals both inside and outside of a company make informed decisions.
Learning Objectives
- Recognize the critical role financial statements play in decision-making processes.
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