The primary objective of financial accounting is:
A) To serve the decision-making needs of internal users
B) To provide financial statements to help external users analyze an organization's activities
C) To monitor and control company activities
D) To provide information on both the costs and benefits of looking after products and services

The primary objective of financial accounting is to provide financial statements that help external users analyze an organization's activities. These statements are essential for stakeholders like investors and creditors. Management uses a different branch called managerial accounting for internal decision-making. ;

Answered by GinnyAnswer | 2025-07-08

The primary objective of financial accounting is to provide financial statements that assist external users in analyzing an organization's activities. The correct answer is B) To provide financial statements to help external users analyze an organization's activities. These statements include crucial information for investors, creditors, and regulatory bodies.
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Answered by Anonymous | 2025-07-13