Which One Is True? All of the Answers are True Financial Accounting provides information to Decision makers Financial Accounting is the Language of Business Financial Accounting summarizes business transactions into 4 Financial Statements

Financial Accounting is often referred to as the "language of business" because it translates complex financial data into understandable formats, enabling stakeholders, from investors to managers, to make informed decisions based on standardized reports. This common language fosters transparency and trust in the financial ecosystem! In financial accounting, the four main financial statements—Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity—play crucial roles. Together, they present a comprehensive snapshot of a company’s financial health, revealing not just the profit or loss, but also the liquidity and overall stability of the business.