Management reports are often more detailed than general purpose financial statements because: (a) accounting standards prohibit reporting

Question:

Management reports are often more detailed than general purpose financial statements because:

(a) accounting standards prohibit reporting of details.

(b) managers need lots of data to make decisions; more data = better decisions.

(c) these reports are not available externally so data security and confidentiality are not an issue.

(d) we need lots of data diversity in these reports to satisfy different managers’

demands.

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