Multiple Choice
Management accounting systems should provide:
A) Up to date, accurate and detailed reports
B) Up to date reports that are useful for decision making
C) Up to date reports at a cost that does not outweigh their usefulness in decision making
Correct Answer:
Verified
Correct Answer:
Verified
Q1: All stakeholders need decision relevant information but
Q2: Unlike financial accounting management accounting is unregulated
Q3: Management needs additional information to stay ahead
Q4: Management accounting requirements are dependent upon the
Q6: Management accounting:<br>A) Is similar to financial accounting
Q7: Bankers as external users:<br>A) Never use management
Q8: Management are concerned with:<br>A) Divisional profits and
Q9: Small business owners:<br>A) Are more likely to
Q10: Accuracy is the holy grail of management
Q11: Bankers are:<br>A) Only concerned with management accounts