Acc 303 Week 2 Quiz 1 Essay
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ACC 303 Week 2 Quiz 1
All Questions Included. TRUE-FALSE—Conceptual 1. Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control a company’s operations. 2. Financial statements are the principal means through which a company communicates its financial information to those outside it. 3. Users of financial reports provided by a company use that information to make their capital allocation decisions. 4. An effective process of capital …show more content…
a. financial accounting.
b. managerial accounting.
c. both financial and managerial accounting.
d. neither financial nor managerial accounting. 22. Users of financial reports include all of the following except
b. government agencies.
d. All of these are users. 23. The financial statements most frequently provided include all of the following except the
a. balance sheet.