In comparing financial and management accounting,which of the following more accurately describes management accounting information?
A)historical,precise,useful
B)required,estimated,internal
C)budgeted,informative,adaptable
D)comparable,verifiable,monetary

Question

Quizplus · Accepted Answer

Management accounting information is often budgeted, informative, and adaptable to the needs of internal management for decision-making, planning, and control purposes, distinguishing it from financial accounting which is more historical and precise, and primarily aimed at external stakeholders.

In Comparing Financial and Management Accounting,which of the Following More