Most of the financial information about an organization is based on information generated from accounting records. the reports and financial statements prepared by accountants

a. can be for the managers of publicly-held companies but are less for small businesses and not-for-profit organizations.

b. seldom depict the accurate situation of the organization and therefore, should be viewed with skepticism.

c. are useful for employees and managers of the company but not for those outside of the organization.

d. provide information that can be used by decision-makers both inside and outside the organization.