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The primary objective of financial accounting is to: Inform management about what, when, and how much products to produce. Monitor consumer needs, tastes, and price
The primary objective of financial accounting is to:
Inform management about what, when, and how much products to produce.
Monitor consumer needs, tastes, and price concerns.
Serve the decisionmaking needs of Internal Revenue Service IRS for tax collection.
Provide accounting information that serves external users in making decisions such as investement and lending.
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