Accountants Communicate the Meaning of _____ Information and Work with Individuals

question 20

Multiple Choice

Accountants communicate the meaning of _____ information and work with individuals and organizations to help them use that information to deal with business problems.

• A)financial
• B)investment
• C)managerial
• D)bookkeeping

---

Definitions:

Risk

The potential for losing something of value or the chance of an action leading to an undesirable outcome.

Financial Statements

Compiled reports that show a company's financial health, including balance sheet, income statement, and cash flow statement, among others.

Balance Sheet

A financial statement that gives a snapshot of a company’s financial condition at a specific time, detailing assets, liabilities, and shareholders' equity.

Income Statement

A financial document that presents a company's revenues, expenses, and profit over a specific period, typically a quarter or year.