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choose the answer that is not a distinguishing characteristic of financial accounting information. multiple choice it is global information that reflects the performance of the whole company. it is focused primarily on the future. it is more concerned with financial data than physical or economic data. it is more highly regulated than managerial accounting information.

Respuesta :

It is focused primarily on the future of financial accounting information. The correct answer is option (b).

What is Financial Accounting?

The process of documenting, compiling, and reporting the numerous transactions occurring from corporate activities throughout time is known as financial accounting. It belongs to a certain area of accounting. These activities are summarized through the production of Financial statements, like the balance sheet, income statement, and cash flow statement, which show the operating performance of the company over a certain time period.

A number of accepted accounting concepts are used in financial accounting. The choice of accounting principles to be applied during financial accounting is determined by the reporting and regulatory obligations that the company must meet.

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