Management accounting activities
A) are synonymous with financial accounting activities.
B) substitute for the management cycle.
C) complement the management cycle.
D) have nothing to do with the management cycle.

Question

Quizplus · Accepted Answer

Management accounting activities complement the management cycle, providing information for decision-making, planning, and control. They differ from financial accounting activities, which focus on reporting financial information to external stakeholders. Management accounting activities include budgeting, cost management, performance evaluation, and strategic planning.

Management Accounting Activities