Sort who is asking the question — someone inside FastForward, or someone outside it.
identifies, records, and communicates an organization's activities to the people who rely on that information. serves outsiders with general-purpose statements. serves the people running the business, with more detail.
Every accountant works under an ethical obligation to report honestly. Fraud tends to need all three legs of the : an opportunity to commit it, pressure to do so, and a way to rationalize it as acceptable.