Financial Accounting Is

Multiple Choice

Financial accounting is

A) the field of accounting concerned with external users of a company's financial information.
B) the rules and procedures governing the content and form of financial reports.
C) a systematic examination of a company's accounting system to determine whether its financial reports fairly represent its operations.
D) a bookkeeping system that balances the accounting equation by recording the dual effects of every financial transaction.
E) a field of accounting that serves internal users of a company's financial information.