Financial reporting refers to:
A)The application of analytical tools to general-purpose financial statements.
B)The communication of relevant financial information to decision makers.
C)Financial statements only.
D)Ratio analysis.
E)Profitability.

Question

Quizplus · Accepted Answer

Financial reporting encompasses the communication of relevant financial information to decision makers, which may include financial statements, ratio analysis, and other analytical tools. It goes beyond just financial statements and profitability to include any information that could impact a decision about the financial status or direction of a company.

Financial Reporting Refers To