Author Question: Financial accounting ________. (Read 36 times)

james9437 · **on:** Mar 6, 2021

Question 1

A data warehouse or infobarn ________.
◦ is reserved for exclusive use by the CFO
◦ is primarily used for financial reporting purposes
◦ stores information used by different managers for multiple purposes
◦ gathers only nonfinancial information

Question 2

Financial accounting ________.
◦ focuses on the future and includes activities such as preparing next year's operating budget
◦ must comply with GAAP (generally accepted accounting principles)
◦ is the process of measuring, analyzing, and reporting financial and nonfinancial information related to the costs of acquiring or using resources in an organization
◦ is prepared for the use of department heads and other employees

lauravaras · **Reply #1 on:** Mar 6, 2021

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