Asked by KAPIL PATEL on Jul 18, 2024
Verified
Which of the following techniques are not used by accountants to interpret and report financial information?
A) Graphs.
B) Special memos for each class of external users.
C) Charts.
D) Ratios.
Special Memos
Documents used within an organization to communicate unique or unusual transactional information that doesn't fit the regular documentation processes.
External Users
Individuals or entities outside of a company who have an interest in the financial information of that company, such as investors, creditors, and regulatory agencies.
- Familiarize with the steps and aspects of the accounting cycle.
Verified Answer
CP
Cherielynne PhillipsJul 24, 2024
Final Answer :
B
Explanation :
While graphs, charts, and ratios are commonly used by accountants to interpret and report financial information, special memos for each class of external users are not a commonly used technique. Instead, accountants typically create one comprehensive report for all external users, tailored to meet the needs of a general audience.
Learning Objectives
- Familiarize with the steps and aspects of the accounting cycle.
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