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
Q1: Bankers as external users:
A) Never use management
Q3: Techniques in management accounting such as break-even
Q4: Accuracy is the holy grail of management
Q5: Unlike financial accounting management accounting is unregulated
Q6: Management accounting requirements are dependent upon the
Q7: Management accounting systems should provide:
A) Up to
Q8: Small business owners:
A) Are more likely to
Q9: Management are concerned with:
A) Divisional profits and
Q10: Management needs additional information to stay ahead
Q11: As all stakeholders want the same thing
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