13 Post ll None Collapse All Expand All ge Actions Margarita Pastora Chapter 13 -Discussion Questions 1. Explain the difference between financial reporting and financial statements. 2. What is the difference between comparative financial statements and common-size comparative statements? Reply Alexander Netf RE: Chapter 13-Discussion Questions 1. Explain the ditference between financial reporting and financial statements. Financial statements are howa company communicates its financial history to the outside world. Financial rep government and managing forecasts. Financial reporting has more rules to follow. 2. What is the difference between comparative financial statements and common-size comparative statements? hp ho 40 144 ort sc & 7