Multiple Choice
Management accounting:
A) Is similar to financial accounting as it is only concerned with the past
B) Is different to financial accounting as although it is concerned with the past it is more interested in the detail behind the summary numbers
C) Is different to financial accounting because it is concerned with the future as well as the past and its concern with the past is more concerned with the detail behind the summary numbers
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
Q5: Management accounting systems should provide:<br>A) Up to
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