Which of the following are internal reports that accounting provides to internal users?
A)Forecasts of cash needs for next year but not financial comparisons of operating activity alternatives.
B)Financial comparisons of operating activity alternatives but not forecasts of cash needs for next year.
C)Both forecasts of cash needs and financial comparisons are internal reports.
D)Neither forecasts of cash needs nor financial comparisons are internal reports.

Question

Quizplus · Accepted Answer

Internal reports that accounting provides to internal users can include both forecasts of cash needs and financial comparisons of operating activity alternatives. These reports are used by internal users such as managers to make decisions related to the organization's operations and financial management.

Which of the Following Are Internal Reports That Accounting Provides