It is useful to company management in making decisions is not an objective of financial accounting.
Explanation:
FASB stands for financial accounting standards board. It is a private organisation and is a non profit making organisation. It is an organisation in the United States of America in the public interest.
The major purpose of this body is to establish and improve generally accepted accounting principles within the United States. It was founded in 1973 and the headquarters are in Norwalk.
