Cost management information systems provide information:
A)for preparing the planning and controlling measures of an organization.
B)to prepare statements of cash flows and balance sheets for external users.
C)that can be used for regulatory measures.
D)for stewardship evaluation.

Question

Quizplus · Accepted Answer

Cost management information systems provide information that is necessary for preparing the planning and controlling measures of an organization. This information helps in managing costs, improving efficiency, and making effective decisions. While cost management information systems may provide information that can be used for regulatory measures or stewardship evaluation, their primary purpose is to support internal planning and control processes. Cost management information systems are not used for preparing statements of cash flows and balance sheets for external users.

Cost Management Information Systems Provide Information