Financial statements are
A) External reports produced from an organisation's information system
B) Never used for internal decision making
C) Only true when they are audited
D) Unimportant reports for most organisations

Question

Quizplus · Accepted Answer

Financial statements are external reports that are created using an organization's information system. They provide information to stakeholders such as investors and creditors. While they are primarily used externally, they can also be used internally for decision making purposes.

Financial Statements Are