What is refers to accounting information developed for the use of exterenal agencies?

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2026-04-20 15:00

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Accounting information developed for the use of external agencies is referred to as "financial reporting." This type of reporting provides stakeholders, such as investors, creditors, and regulatory bodies, with relevant financial data to assess the company's performance and financial position. It typically includes financial statements like the balance sheet, income statement, and cash flow statement, which are prepared in accordance with established accounting standards.

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