Question

learning objective: differentiate between financial accounting and managerial accounting. which of the following is an example of financial accounting? a.) setting quarterly performance goals b.) creating budgets for company departments c.) making internal forecasts for future sales d.) filing annual financial reports

Explanation:

Financial accounting focuses on providing financial information to external users such as investors, creditors, and regulators. Filing annual financial reports is for external - facing financial disclosure. Setting performance goals, creating budgets, and making internal sales forecasts are more related to managerial accounting which serves internal management decision - making.

Answer:

d. Filing annual financial reports