For external reporting purposes, the following tasks are performed:
* Manage accounts receivables (A): This involves recording and tracking amounts due from customers for goods or services sold, an essential part of financial reporting to external stakeholders.
* Create a profit and loss statement (C): This financial statement summarizes the revenues, costs, and expenses incurred during a specific period, providing a clear view of the company's financial performance to external entities such as investors, regulators, and analysts.
* Calculate production variances (B)is more related to internal management accounting and controlling, aimed at analyzing the efficiency and effectiveness of production processes.
* Create cost center plan/actual statements (D)is also an internal controlling activity, focusing on monitoring and managing the performance of different organizational units rather than external reporting.