Use Simple Relational Databases 1 1
Use Simple Relational Databases 1 1
Unit description:
ASSESSMENT
Cluster Database
Unit Code BSBITU311
Unit Name Use simple relational databases
Qualification Name SIT40516-Certificate IV In Commercial Cookery
Training Package BSB(This is the new assessment for Term 4 -2020)
Assessment Tool Written Exam/knowledge test
Student signature:
_________________ Date: __21-october-2020___________
Feedback to student:
Initial attempt
2nd attempt/Re-assessment
• •
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If a student at Canterbury Business College is not happy with his/ her results, the student may appeal against their result via a written letter, clearly
stating the grounds of appeal to the MSS / DSS. This should be submitted after completion of the subject and within 14 days of commencement of the
new term.
Re-assessment Process:
● An appeal in writing is made to the ACC / MSS providing reasons for re-assessment /appeal.
● ACC / MSS will delegate another faculty member of CBC to review the assessment.
● The student will be advised of the review result done by another assessor.
● If the student is still not satisfied and further challenges the decision, then a review panel is formed comprising the lecturer/trainer in charge, the
ACC, the MSS and the DSS OR if need be an external assessor.
● The Institute will advise the student of the appeal decision within 14 days from the submission date of the appeal. The decision of the panel will
be deemed to be final.
● If the student is still not satisfied with the result, the he / she has the right to seek independent advice or follow external mediation option with
CBC’s nominated mediation agency.
● Any student who fails a compulsory subject or appeals unsuccessfully will be required to re-enrol in that subject.
The cost of reassessment will be borne by the Institute. The external assessor will base his/her judgement based on principles of assessment. These
principles require assessment to be reliable, fair, practical and valid.
Academic Appeals:
● If the student is dissatisfied with the outcome of the assessment marking process, he/she has a right to appeal the assessment results.
● The notice of appeal should be in writing addressed to the MSS / ACC and submitted within seven days of notification of the assessment results.
● If the appeal is not lodged in the specified time, the result will stand as marked.
● In emergency circumstances, such as in cases of serious illness or injury, the student must forward a medical certificate in support of a deferred
appeal. The notice of appeal must be made within three working days of the concluding date shown on the medical certificate.
● The decision of MSS / ACC will be discussed with the DSS and will be final.
“I acknowledge that I have understood all the above rules and guidelines for the assessment
21-october-2020
Sukhdeep Kour
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Submission Details
The Assessment Task is due on the 29 OCTOBER 2020. Any variations to this
arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See specifications below
for details.
Performance objective
● To provide you with an opportunity to identify how to design a simple database, with at least two
tables, using a database application, basic design principles, software functions and simple formulae.
● To provide you with an opportunity to identify how to develop a table with fields and attributes
according to database usage, as well as data considerations and user requirements.
● To provide you with an opportunity identify how to create a primary key for each table, modify table
layout and field attributes as required and create a relationship between the two tables.
● To provide you with an opportunity to identify how to modify table layout and field attributes as
required.
● T To provide you with an opportunity to identify how to check and amend data entered, in
accordance with organisational and task requirements o provide you with an opportunity to identify
how to create a relationship between the two tables.
● To provide you with an opportunity to identify how to determine information output, database tables
to be used and report layout to meet task requirements. To also give you the opportunity to identify
how to determine data groupings, search and sort criteria to meet task requirements.
● To provide you with an opportunity to identify how to run reports and queries to check results and
formulae provide the required data. To also give you the opportunity to identify how to modify
reports to include or exclude additional requirements.
● To provide you with an opportunity to identify how to ensure data input meets designated timelines
and organisational requirements for speed and accuracy.
● To provide you with an opportunity to identify how to use manuals, user documentation and online
help to overcome problems with database design and production.
● To provide you with an opportunity to preview, adjust and print database reports or forms in
accordance with organisational and task requirements.
● To provide you with an opportunity to identify how to name and store databases, in accordance with
organisational requirements, and exit application without data loss or damage.
● To provide you with an opportunity to identify how to prepare and distribute reports to appropriate
person in a suitable format.
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1. Create a simple database 1.1, 1.2, 1.3,1.4, 1.5,1.6
2. Create reports and queries 2.1,2.2,2.3,2.4
3. Use database 3.1,3.2,3.3,3.4,3.5
Assessment description
This assessment activity is designed to assess your skills and knowledge in creating
documents and using databases
Procedure
Databases
Answer-
A database is a collection of data that can be viewed, changed and updated.
Databases can be used to record and track a wide variety of information such as sales,
customers, products and finances.
However, the purpose will vary depending on the organisation using it.
Databases are used in most organisations to track the company’s resources and
business activities, and ensure they are effective. Reports may be created from the
information held in the database in order to judge whether this has happened or not.
Microsoft Access is a software programme that is purpose-built to create databases,
and all the examples in this unit will be assuming you are using it. However, other
databases will have similar principles. Microsoft Excel is also a popular software choice
as it requires fewer skills to use.
Activity 1A:
1. Give examples of three design principles (features) you will need to include
when designing a simple database. Briefly describe the purpose of each feature.
Answer- Formatting the database may require design changes such as naming, data
layout and formatting. Cell sizes can be changed by moving the mouse to the top or
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side of the page where columns start, known as field names, and clicking and
dragging.
2. What expression (or formula) would you use to find the average age of your
customers in a Microsoft Access database application?
Double-click the field you want to use and click the "Totals" icon. Next to "Total:" in
the quick table at the bottom of your computer screen select "Avg" to average the
field.
Formula to find average age- Calculating the average age of a group tells you
what age most of the people fall closest to. This statistic has applications for
several different fields. For example, you could calculate the average age of a
team to see if members are young or old, or you could calculate the average age
of a class to see how old most students in a class are. Average is also known as
the mean.
Add together all the ages in the group. For example, suppose a baseball team has
nine players. There ages are 14, 17, 15, 19, 14, 16, 16, 17 and 15. The sum of their
ages is 143.
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Determine the total number of people in the group. In the example, the total
number of teammates is nine.
Divide the total number of ages by the number of people in the group. In the
example, 143 divided by nine equals 15.8889. So the average age of the baseball
team is 15.889 years old.
Activity 1B:
1. Give examples of three types of data fields that you may need to include when
developing a table.
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field. A text field is the most generic and least restrictive of all the available
field types. Examples of text fields include First Name, Last Name, Address,
City, Notes and so on.
Numeric fields- You only the digits 0 through 9 in a numeric field. Decimals
and negative numbers are can enter allowed; however, no other characters,
either alphabetic or special (such as dashes or commas) are allowed. If you
want to sort data based on numeric values, then you must use a numeric field.
You cannot sort based on numeric values if the data is entered in a text field.
Yes/no fields- A Yes/No field is a checkbox field that holds a value of either 1
(to indicate Yes) or 0 (to indicate No). Progeny always stores a value in a
database for a checkbox field whether the field is checked. If the field is
checked, Progeny stores a value of “1” in the database. If the field is not
checked, Progeny stores a value of “0” in the database.
You can add more database fields to an existing table. If you want to enter the data
by hand, click on the Add New Field button to the right of the table and begin
entering information. You can edit the field’s name to reflect the information. You
may also choose to choose from a pre-defined list of fields beforehand, as many
databases share similarities. Choose the one that fits your needs most closely. To
choose from the list, have the table open in Datasheet View open and press New
Field in the Fields & Columns group. Select the fields that you want and drag them
onto the table.
3.Describe three database usage and user requirements you will need to think
about before developing a database.
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If you have never created a database before, these will give you an idea of
the information you will need to record. You can remove or add fields to
customise it, or rename columns by right clicking on the heading.
You can also add fields from other tables. Open the table you are working
with in Datasheet view. In the Datasheet tab, click Add Existing Fields. This
will display the possible fields, which you can drag onto the table like in the
previous example. Note that this may create new relationships between
tables. Be cautious of this if the two tables are unconnected.
Database usage and user requirements-
Firstly, you will need to consider what you are going to use the database for.
Before developing a database, you will need to think about:
What type of data is going to be stored
Who is going to need access to the database
who will be able to access information?
who will be able to edit/add/delete information?
the overall number of people with access
The potential size of the database
The ease or difficulty of entering or editing information
How information is organised within the database
Its location and where it is stored.
1) Usability- Consider how user-friendly the system will be for all those
members of staff required to use it. In some organizations those may include
Marketing professionals, the IT department, Database Developers and
others. Look at the suitability from everyone’s perspective, and consider if you
can set different levels of permission for different teams or personnel.
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selections and deciding segments. Also, check how the software displays
campaign results if you feed this information back into the database.
You should look for visual displays that will help you show selections and
results to colleagues (likely other teams or managers/directors) in a way that
they will be able to understand quickly and easily.
It is important to consider both the physical risk to data (e.g. the risk from fire,
theft, etc.) and the risks from hacking, or from unintentional corruption of data
through human error. Any system you implement must address the issue of
keeping your data secure
4) Functionality.
5) Support & Development.
6) Integration.
7) Scalability.
8) Cost and Suitability
Activity 1C:
1. Lay out the four steps you will need to take create a primary key in Access 2010.
Answer- For a primary key to work well, the field must uniquely
identify each row, never contain an empty or null value, and
rarely (ideally, never) change. To set the primary key:
To select one field, click the row selector for the field you want.
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To select more than one field to create a composite key, hold down
CTRL and then click the row selector for each field
A key indicator is added to the left of the field or fields that you
specify as the primary key
3. Briefly describe two ways that you could modify an existing table layout.
Answer- To change the data type for existing fields:
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1. Select the field whose data type you want to change.
2. On the Ribbon, select the Fields tab, then locate the
Formatting group. Click the Data Type drop-down arrow. ...
3. Select the desired data type. Selecting a new field data type.
4. The field data type will be changed.
To change the data type of a column in a table, use the
following syntax:
1. SQL Server / MS Access: ALTER
TABLE table_name. ALTER COLUMN column_ name datatype;
2. My SQL / Oracle (prior version 10G): ALTER
TABLE table_name. MODIFY COLUMN column_name datatype;
3. Oracle 10G and later: ALTER TABLE table_name.
Activity 1D:
1. Give examples of three ways that you could modify table layouts or field
attributes.
The SQL ALTER TABLE command is used to change the structure of an
existing table. It helps to add or delete columns, create or destroy
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indexes, change the type of existing columns, or rename columns or
the table itself. It can also be used to change the comment for the table and
type of the table.
To modify Attributes-
1. On the Edit tab, in the Selection group, click Attributes .
2. Select the features you want to edit and expand the selection in the
pane. ...
3. Click the Attributes tab to edit feature attributes and subtypes.
2. Create a simple database with at least related two tables using a software of
your choice. Use at least one formula.
Answer-
Activity 1E:
1. List the steps you will need to take to create a relationship between two tables.
To create relationship between tables:
Click on the Database Tools tab and then Relationships
Select the field you want to become the primary key. Drag it to foreign field in
the other table
An Edit Relationships box will appear. Confirm that the field names are correct
Confirm that the field names are correct.
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In a one-to-many relationship, one record in a table can be associated with one or
more records in another table. For example, each customer can have many sales
orders. The foreign key field in the Orders table, Customer ID, is designed to
allow multiple instances of the same value.
In this example the primary key field in the Customers table, Customer ID, is
designed to contain unique values.
This relationship returns related records when the value in the Customer ID field in
the Orders table is the same as the value in the Customer ID field in the Customers
table.
Activity 1F:
1. Give examples of three ways that you can check data that you have entered
into a database, in accordance with organisational and task requirements.
After data is entered into a database, you will need to check its accuracy.
Checking the accuracy of data-
it will be necessary to ensure the data you have entered reflects the information
you were provided with. Confirm it against paper records or earlier databases. When
data is entered manually, mistakes always occur, no matter how carefully it is done.
Checking the formatting- ensure that data is entered in the correct format. For
example, numbers should always be written numerically, while there are several
different ways of writing dates. Look at the Database Fields discussed in Chapter 1.2
to determine the correct one.
Proofreading- check text for spelling and grammatical errors. Spell-check functions
can be useful, however, make sure you read it to confirm.
Checking the accuracy of formulas- you can’t always trust the accuracy of formulas.
Confirm them with a calculator to make sure they are producing the desired
answers; if not, check the data you have entered and mistakes in the writing of the
formulas, such as the cell names.
2. Give examples of three ways that you can amend data, in accordance with
organisational and task requirements.
After data is entered into a database, you will need to check its accuracy and
amend it where appropriate. Be aware of the aims of the task you are
performing what correct data will look like.
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Data produced by databases is always inaccurate if the data that is put in isn’t
accurate; therefore it is important to be as careful as possible when inputting
data. Follow any relevant organisational procedures to help improve your
accuracy.
If you find inaccurate data, amend it and check similar pieces of data to
ensure it wasn’t a recurring mistake.
When inputting data for long periods of time, ensure you are set up to work
properly, such as sitting comfortably at your desk with no distractions. This will
help you achieve the highest possible accuracy. Research whether there are
any organisational requirements relating to this to achieve the company’s
desired standards of accuracy.
Activity 2A
1. Describe three ways that you can determine information output. In other
words, how can you draw conclusions from the raw data in your tables?
2. How can you decide what database tables need to be used or included in a
report?
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Choosing database tables to include- It is important to choose relevant tables,
or parts of tables, to show in your report. You want to include the tables that
show your conclusions and provide evidence for your conclusions, while also
providing a full picture.
3. Give examples of three ways that you can alter a report’s layout to
communicate information more effectively.
Altering the layout of a report- You will need to spend time considering how to lay
out your report to best show the information you have collected in databases. You
will need to think about how you present text and headings, as well as pictures,
graphs, and charts to emphasise your conclusions.
You can alter the layout of a report by:
Changing the size and placement of headings
Changing the size, font, and placement of main text
Changing the arrangement of main body text
-for example, you may want to arrange important information in bullet points
Changing the size, placement, and colours in graphs and charts
Changing how reports are presented
for example, on a projector, computer screen, or on paper.
4. Explain why you need to consider the way you group and sort data in reports, in
order to make information searchable and easy to locate.
Activity 2B
Briefly describe how to run a query to check that results and formulae provide
the required data.
Running a query-
To run a query, click on the Create Tab and then Query Design. In the pop-up box,
open the Tables tab and select the field you want to draw data from. Once you have
closed the box, you can click on Field Names to add them to the query. When you
are ready, click Run in the Design tab.
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You can add parameters to narrow the data in existing queries by editing the criteria
of them. This can be done by opening them in Design View and clicking Parameters
in the Design Tab. Add a value for each parameter you want to match to. For
example, if you are looking for employees with the last name Smith, you would type
that in the Last Name field.
Briefly describe how to run a report to check that results and formulae provide
the required data.
Run a query on the database you built in Activity 1D, Number 2 to filter a
subsection of a data. Sort it by at least one value.
Answer-
The step of creating a query and sorting using query wizard tool--
i) Open the table from which you want to make query from
ii) On the menu bar, click ''create''
iii) On the tool ribbon that appears from the create menu, click ''query
wizard'' button
iv) Save the name of the query table.
v) On the dialog box that appear, choose the fields that you want to appear
your query using the arrows
vi) Click next and select "modify the query design" then click finish.
vi) On the dialogue box that appears, select al the fields and sort in the
desired order (descending or ascending order ) the value of choice.
vi) Lastly click run on the design menu.
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Activity 3A
1. Give three examples of ways that you can improve your data input speed, in
order to meet designated timelines and organisational requirements.
2. Give three examples of ways that you can improve your data input accuracy, in
order to meet designated timelines and organisational requirements.
Accuracy –
Accuracy is always the most important element for any database entry worker. If
you are rushing, not concentrating, or using ineffective methods to input data,
then you are likely to make typos or entries into incorrect data fields.
You may be able to improve the accuracy of data input by:
Improving the labelling of columns and rows
Clearing and cleaning your work environment
Double-checking each entry
Setting up alerts or warnings when an entry does not conform to usual
standards
Removing distractions
Not rushing
Taking regular breaks
Drinking and eating regularly
Working methodically.
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Activity 3B
1. Give examples of three types of user documentation (including manuals) which
can be used to overcome problems with database design, and briefly explain
how they help.
Overcoming problems –
From time to time, you may experience problems with databases, such as
inadequate software, malfunctions or lack of knowledge, which will affect your
ability to complete your work. You should try to use various methods to overcome
them and meet your deadlines on time.
These methods may include:
Manuals
User documentation
Online help
Colleagues’ help.
User documentation- User documentation describes what the product is
capable of, such as its features and functions. It may also offer tutorials to
educate the user on them. Once again, it will often arrive with a product or be
available online later. User documentation may include:
User manuals supplied by the company who produced the database
software
Manuals supplied by your organisation
Books, including textbooks
Industry magazines
Consult it if you are unsure whether the software you are using will be
suitable for your purpose, or if you wish to fully understand a new
feature.
Effective user documentation should include:
Current terminology
A list of applicable error codes
Descriptions of all toolbars, options and menus
Images and diagrams, if necessary
Lists of functions
An explanation of acronyms or abbreviations.
2. Give examples of three online information sources which can help you to
overcome problems with database design and production.
Online help-
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Online help can be available in several forms and is usually sorted by topic or
problem.
Online help may include:
Manufacturers’ websites
Software help functions
Blogs and how-to articles
YouTube videos
Social media discussion
Web chats
Help forums.
This will allow you to see how the report will look when printed as opposed to on
the screen. It will help you to judge the overall look and feel, which may cause you to
make changes. Consider whether the information is spaced appropriately, the
correct font size is used and all of the information is visible. Always preview a report
before printing it to verify the accuracy of the data and the report.
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2. Describe two ways that you can adjust a database report or form before
printing it.
Database reports-
you can use either the Layout or Design views to make changes to a report. Layout
view is most effective when changing the visual presentation of the report, such as
rearranging and adjusting the size of fields. You can also apply pre-made styles from
this view. Design view, by contact, offers more control over the functional aspects of
the report, such as the structure. While you can’t see the data, you can see the
header and footer sections. Editing text boxes, labels and images is easier in this
view. You should change between the views whenever necessary to make full use of
the functions of Microsoft Access.
3. List the steps you will need to take to print a database report or form.
When you are happy to print the document:
Click File at the top left of the screen
From the drop down menu, select Print (or if you don’t want to change
properties, click Quick Print)
Ensure the correct printer is selected, along with the number of copies.
(You may also have options about single or double sided sheets)
Once you are satisfied with the options, press OK.
Your organisation may have relevant policies about printing reports, such
as whether or not you should use colour and whether reports should be
double sided in order to save paper. Also, consider how many copies you
will need; if you are presenting them in a meeting, you may need a copy
for every person attending, or if that is impractical, enough so that all
people can see at least one copy.
Activity 3D
1. Describe three organisational requirements for naming databases.
To adhere to organisational requirements, you should try to:
Be clear about the report’s role (e.g. End of Q1 Analysis) Differentiate it
from similar reports, for example adding the date to it
Use a version number when it is an updated copy of an older report
Use a code it if you have been given one.
Correct naming procedures will allow you to find the report easily in the
future. It will also inform other people what it is, which may prevent it getting
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accidentally deleted. Simply calling it ‘Database 1’ sounds unimportant and
doesn’t provide any information on it.
Some companies may follow established guidelines, such as the
Leszynski/Reddick Guidelines for Access. This suggests that all databases
should have a descriptive tag at the start.
2. List three preparatory steps you will need to consider when storing a database.
3. List the steps required to backup a database so that you can exit an application
without data loss or damage.
To back up a database:
Have the database open
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Click File or the Microsoft Office button in newer versions
Click Manage, then Manage this Database, then Back Up Database
Enter the name you wish to save it as. The default name will record the name
of the original file and the date of the backup, which would be helpful to
remember it
Chose the location you want to save it to. This could be on your computer, a
network, a memory stick or CD Click Save.
Activity 3E
1. List three steps you will need to take to prepare a report before sending.
Prepare reports-
You will need to go through a number of steps to prepare a report so that it is ready
to be distributed. Each report should be double-checked for accuracy of information
and formatting before it is sent.
To prepare a report, you may need to:
Introduce the report – what is it about?
Gather data
Choose appropriate data to show
Design and present information and data in a logical way
Include any graphs and charts necessary to show data
Make conclusions or highlight correlations
Print the report or save it in the appropriate format.
2. List three appropriate people (or parties) that you may need to distribute
reports to in your role.
Distributing reports-
Once you have finished, saved and printed the report, consider how you will
distribute it to the appropriate people. This will depend on the setting, the
amount of people and the use for it afterwards.
For example, if the report will only be seen by your supervisor, consider which
format will benefit him or her most. It may be that they would like a digital copy
to be emailed to them. Alternatively, some people prefer paper copies to make
notes on and annotate. Learn people’s preferences and ask what format they
would like if you are not sure.
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Formal presentations may require numerous copies of the report to distribute.
Find out how many will be needed and prepare them beforehand. You may wish
to email the databases to anybody who requests them after the meeting.
When printing reports out, take care that the finished product reflects the work
that has gone into it. Hours of work and preparation may be undone if the paper
copies look creased with the printing smudged or blurred. Presentation is
important, so ensure it meets your organisation’s standards. This will be
particularly important with members of management or external clients and
customers. If the report goes over several pages, consider stapling them neatly
together to keep them in order.
If you aren’t sure about the format for reports to be distributed in, check your
organisational policies or consult your supervisor.
Managers
Supervisors
Owners and directors
Shareholders/stakeholders
Suppliers
Partners
Customers.
Objective: To provide you with an opportunity to demonstrate the required performance elements for
this unit.
A signed observation by either an approved third party or the assessor will need to be included in this
activity as proof of completion.
This activity will enable you to demonstrate the following performance evidence:
⮚ Adhere to organisational requirements when inputting, amending and storing data including:
o correct naming conventions
⮚ Adhere closely to task requirements including:
o following designated timelines
o achieving speed and accuracy
⮚ Create simple databases including:
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o reports and queries
⮚ Follow designated timelines
⮚ Correctly name and store data
⮚ Distribute reports to appropriate personnel
Answer the activity in as much detail as possible, considering your organisational requirements.
All activity answers will vary depending on the learner and the organisation they work for, but the learner
should be able to demonstrate their competency in the unit requirements.
If you find inaccurate data, amend it and check similar pieces of data to ensure it
wasn’t a recurring mistake.
When inputting data for long periods of time, ensure you are set up to work
properly, such as sitting comfortably at your desk with no distractions. This will help
you achieve the highest possible accuracy. Research whether there are any
organisational requirements relating to this to achieve the company’s desired
standards of accuracy.
Amending data may include:
Deleting incorrect data
Editing/correcting incorrect data
Updating information
Deleting or adding columns or rows for additional information
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Canterbury Business College
CRICOS Code – 01899K RTO Code - 6554
Correct formulae
Changing the relationship of two tables.
Save a computer database in the correct location on your organisation’s computer system.
Within the computer there are many areas for short term electronic data
storage. Small amounts of data are temporarily stored in a keyboard, printer
and sections of the motherboard and processor. Larger amounts of data are
temporarily stored in the memory chips and video card
2. Take on a new data entry task and develop a clear timeline for work to be completed, depending on
all task requirements. Then, using your data entry skills and following organisational requirements,
complete the data entry task, making sure you adhere to all speed, accuracy requirements and that
you follow the timeline as closely as possible.
Job brief
We are looking for a Data Entry Operator to update and maintain information on our
company databases and computer systems.
Responsibilities
Insert customer and account data by inputting text based and numerical
information from source documents within time limits
Compile, verify accuracy and sort information according to priorities to
prepare source data for computer entry
Review data for deficiencies or errors, correct any incompatibilities if possible
and check output
Research and obtain further information for incomplete documents
Apply data program techniques and procedures
Generate reports, store completed work in designated locations and perform
backup operations
Scan documents and print files, when needed
Keep information confidential
Respond to queries for information and access relevant files
Comply with data integrity and security policies
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Canterbury Business College
CRICOS Code – 01899K RTO Code - 6554
Ensure proper use of office equipment and address any malfunctions
Requirements
Proven data entry work experience, as a Data Entry Operator or Office Clerk
Experience with MS Office and data programs
Familiarity with administrative duties
Experience using office equipment, like fax machine and scanner
Typing speed and accuracy
Excellent knowledge of correct spelling, grammar and punctuation
Attention to detail
Confidentiality
Organization skills, with an ability to stay focused on assigned tasks
High school diploma; additional computer training or certification will be an
asset
3. Create a simple database (with at least three columns and three rows) which can be queried and
turned into a simple report.
Answer-
Database is provided with the assessment--
Process to do it-
4. Correctly name and store three sets of data in the database that you created in question two.
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Canterbury Business College
CRICOS Code – 01899K RTO Code - 6554
We used numerical data set in database that we set out in question 2.A set of all numerical
data. It deals only with numbers. Some of the examples are;
5. Distribute database reports to two members of your internal team and two external parties,
according to organisational protocols.
Internal financial reporting involves compiling financial information for use by management
in decision-making. External financial reporting involves compiling financial information for
distribution among shareholders and potential investors.
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