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Indicate whethor the following stptements bescribe financial acoosting or managoment acrounting It is concerned with...

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Accounting

Indicate whethor the following stptements bescribe financial acoosting or managoment acrounting
It is concerned with collecting data of a histoncal nature.
Statements are primanly prepared for external users such se creditors ard shareholders so that they
can make sound Enancial of imvestment decisions.
Statemients and reports do not require independent examination
It uses very detaled reports that provide a wealth of information.
It is largely based on forecasting future sales and cash flows, calolahng coets and proparing budgets.
Reporting must follow Accounting Standards for Private Entorprises (ASPE) or International Rinanoal
Reporting Standards (IFRS) set by peofessional bobies.
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