Financial Accounting Is the Component of the AIS That Provides

question 53

Short Answer

Financial accounting is the component of the AIS that provides financial information needed by _______ users,such as investors and lenders.

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Definitions:

Interdependence

A situation in which two or more elements or systems rely on each other to function properly, often seen in economic, social, and ecological systems.

Economic

Pertaining to the production, consumption, and transfer of wealth in a region or society.

Cultural

Pertaining to the ideas, customs, social behaviors, and characteristics of a particular society, group, place, or time.

Technological

Relating to or involving technology, especially in regard to its development, use, or impact in society and business.