The major difference between the Financial Reporting System (FRS) and the Management Reporting System (MRS) is the

a. FRS provides information to internal and external users; the MRS provides information to internal users
b. FRS provides discretionary information; the MRS provides nondiscretionary information
c. FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System
d. FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are prepared in standardized, formal formats

A