The Primary Objective of Financial Accounting Is

question 4

Multiple Choice

The primary objective of financial accounting is:

• A) To help organizations keep track of financing activities.
• B) To provide external reports to help users analyze an organization's activities.
• C) To help an organization define its ideas,goals,and actions.
• D) To help an organization to keep track of its buying and selling of resources.
• E) To prepare budgets.

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Definitions:

House Oversight

A function of the United States House of Representatives that involves monitoring and supervising federal agencies, programs, activities, and policy implementation.

Health Care Laws

Statutes and regulations governing the provision of health care services, insurance, reimbursement, and the responsibilities of health care providers and patients.

Department of Health and Human Services

A federal agency in the United States tasked with protecting the health of all Americans and providing essential human services.

Privatization

The process of transferring ownership or operation of a public service, business or property from the government to private individuals or organizations.