Asked by Jessa Gesta on Jul 04, 2024

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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.
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Verified Answer

JJ
Jamere JacksonJul 08, 2024
Final Answer :
C
Explanation :
Managerial accounting reports are designed for specific internal users, such as managers, and are typically tailored to their information needs. Therefore, they are considered special-purpose reports. General-purpose reports, on the other hand, are intended for external users, such as investors and creditors. Macro-reports and classified financial statements are not accurate descriptions of managerial accounting reports.