Which of the following are internal reports that accounting provides to internal users?
A) Forecasts of cash needs for next year.
B) Financial comparisons of operating activity alternatives.
C) Both forecasts of cash needs and financial comparisons are internal reports.
D) Neither forecasts of cash needs or financial comparisons is an internal report.

Question

Quizplus · Accepted Answer

Forecasts of cash needs and financial comparisons of operating activity alternatives are both types of internal reports used by management for decision-making and planning purposes.

Which of the Following Are Internal Reports That Accounting Provides