Asked by Jessa Gesta on Jul 04, 2024
Verified
Managerial accounting reports can be described as
A) general-purpose.
B) macro-reports.
C) special-purpose.
D) classified financial statements.
Managerial Accounting Reports
Managerial accounting reports provide detailed financial and operational information to managers, aiding in decision-making processes.
Special-Purpose
Designed or used for a specific reason or task, often referring to equipment, vehicles, or financial instruments tailored for particular needs.
Macro-Reports
Comprehensive reports that provide an overview of broad economic or financial trends and analyses, often used in strategic planning and decision-making.
- Identify the variations between reporting obligations for internal purposes compared to those intended for external entities.
Verified Answer
Learning Objectives
- Identify the variations between reporting obligations for internal purposes compared to those intended for external entities.
Related questions
Internal Reports Are More Likely to Be Misinterpreted Than External ...
Identify Each of the Following as Either Internal or External ...
Discuss Internal and External Users of Accounting Information ...
Distinguish Between Formal and Informal Reports
Two Common Areas of Accounting That Respectively Provide Information to ...