The reports and financial statements prepared by accountants
A) are more useful for profit-seeking businesses than they are for not-for-profit organizations.
B) are mainly used to help the firm complete its tax forms.
C) provide information that can be used by decision makers both inside and outside the organization.
D) are not as useful now that firms have moved into a more global environment.

Question

Quizplus · Accepted Answer

The reports and financial statements prepared by accountants provide information that can be used by decision makers both inside and outside the organization. They are not only used for completing tax forms but are also used for decision making purposes. Their usefulness is not limited to profit-seeking businesses and they are still relevant in a global environment.

The Reports and Financial Statements Prepared by Accountants