Practical Exercise 1.0 Based on the lessons learned: 1. 1. Review the features explained in items # 1-10. 2. 3. 4. 5. 2. Indicate whether these features are referring to financial accounting or managerial accounting. General-purpose reports Reports are used internally Prepared in accordance with generally accepted accounting principles Special-purpose reports Limited to historical cost data Reporting standard is relevant to the decision to be made Financial statements Reports generally pertain to the business as a whole Reports generally pertain to subunits Activate Windows Reports issued quarterly or annually Go to Settings to activate Windows. 6. 7. 8. 9. 10