Reference no: EM132762558

Problem 1: Using accounting for decision support within the organization requires:

A) personal financial planning

B) none of the options is correct

C) general purpose financial reports such as the income statement and the balance sheet

D) budget reports only

E) specialized reports

Problem 2: The objectives of financial statements include

A) to measure the efficiency of the organization

B) none of the choices are correct

C) to prevent managerial fraud

D) to demonstrate compliance with environmental protection laws

E) to assist investors and creditors in investing and lending decision