Financial accounting reports, compared to management reports, tend to be:
A)general purpose.
B)qualitative.
C)unstructured.
D)detailed.

Question

Quizplus · Accepted Answer

Financial accounting reports are designed to meet the needs of external users (e.g., investors, creditors), making them general purpose to cater to a broad audience. Management reports, on the other hand, are tailored for internal use, focusing on specific, detailed information for decision-making purposes.

Financial Accounting Reports, Compared to Management Reports, Tend to Be