Which of the Following Statements Regarding Operational Reports Is True

question 42

Multiple Choice

Which of the following statements regarding operational reports is true?

• A)Any operational report that is based on accrual accounting assumptions can only be relied upon if it is generated using correctly adjusted data.
• B)Operational reports can be generated at any time after a transaction is recorded
• C)Operational reports usually extract and report data directly from summarised general ledgers.
• D)Operational reports are constructed in accordance with the requirements of the relevant accounting standards and they are freely available to both external and internal users.