Which of the following topics is of more concern to management accounting than to cost accounting?
A)generally accepted accounting principles
B)inventory valuation
C)cost of goods sold valuation
D)impact of economic conditions on company operations

Question

Quizplus · Accepted Answer

The impact of economic conditions on company operations is more related to management accounting. This topic is related to analyzing and forecasting the financial performance of the company, making decisions about investments, and managing overall business operations. While cost accounting may analyze the cost of goods sold and inventory valuation, it is more focused on the day-to-day operational costs rather than the overall business strategy and performance. Generally accepted accounting principles (GAAP) are equally relevant to both cost accounting and management accounting.

Which of the Following Topics Is of More Concern to Management