Management accounting
A)is more concerned with the future than is financial accounting.
B)is less concerned with segments of a company than is financial accounting.
C)is more constrained by rules and regulations than is financial accounting.
D)all of the above are true.

Question

Quizplus · Accepted Answer

Management accounting focuses on analyzing data to help make business decisions for the future, while financial accounting is more focused on reporting past financial performance.

B and C are incorrect. Management accounting can also be focused on analyzing segments of a company, and while there are still rules and regulations to follow in management accounting, it is not as heavily regulated as financial accounting.

Management Accounting