Which of the following describes the primary objective of financial accounting? options: to provide useful financial information only to stockholders. to provide information about a business' future business strategies. to provide useful financial information about a business to external parties make informed decisions. to provide useful financial information about a business to internal parties make informed decisions.

Financial accounting is the process of recording, summarizing and reporting numerous number of a company's transactions to provide an accurate financial position of the company.

"To provide useful financial information about a business to help internal parties make informed decisions" describes the primary objective of financial accounting.Financial accounting gives the true financial capability of the company and it helps business managers make effective and efficient decision that can bring about increase in productivity.Therefore, the statement which best describes the primary objective of financial accounting is "To provide useful financial information about a business to help internal parties make informed decisions".

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To provide useful financial information about a business to help internal parties make informed decisions.

Explanation:

The main objective of financial accounting is to provide accurate records of account of a particular period.This accounting information is what, the parties involved in the business use to make decisions, on the course of their business based on the evidence from the accounts.The accounting information provided by financial accounting are the financial statements of a business.

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