Which TWO of the following statements regarding management accounting are correct?
A: Management accounting tends to focus on the needs of external stakeholders.
B: Management accounting information can be presented in any format.
C: The main purpose of management accounting is to produce the statutory financial statements for the entity.
D: Management accounting is carried out at the discretion of management.
A: Management accounting tends to focus on the needs of external stakeholders.
B: Management accounting information can be presented in any format.
C: The main purpose of management accounting is to produce the statutory financial statements for the entity.
D: Management accounting is carried out at the discretion of management.
举一反三
- 中国大学MOOC: The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct?
- The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct? A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i), (ii) and (iii)
- Which of the following is NOT a main focus of management accounting? A: Planning B: Control C: Financial statements D: Decision making
- Which of the following are related to management accounting? A: Uses only historical data B: Is carried out at the discretion of management C: Uses non-financial information D: Aids planning within the organization
- Which two are the objectives of accounting（ ）. A: Stewardship Approach B: decision-usefulness approach C: accounting management activities D: accounting information system