Information for internal parties about past performance is provided by:
A)budget reports.
B)financial accounting reports.
C)managerial accounting reports.
D)planning reports.

Question

Quizplus · Accepted Answer

Managerial accounting reports provide detailed information for internal parties about the past performance of the organization, including financial and non-financial data such as sales figures, production costs, and employee productivity. Budget reports and planning reports focus on future performance, while financial accounting reports are primarily used for external parties such as investors and creditors.

Information for Internal Parties About Past Performance Is Provided By