Which of the following should be able to provide the financial information needed for budget preparation?
Cost management Financial accounting Cost accounting
$\text {\underline{system } }$ $\text {\underline{ system} }$ $\text {\underline{system. } }$
A)no yes yes
B)no yes no
C)yes no yes
D)yes yes yes

Question

Which of the following should be able to provide the financial information needed for budget preparation?
Cost management           Financial accounting             Cost accounting
$\text {\underline{system } }$                         $\text {\underline{ system} }$                             $\text {\underline{system. } }$
A)no yes yes
B)no yes no
C)yes no yes
D)yes yes yes

Quizplus · Accepted Answer

Financial accounting should be able to provide the overall financial data needed for budget preparation, cost accounting can provide detailed cost data, and cost management systems can provide data on actual costs and expenses. Therefore, all three systems should be able to provide the necessary financial information for budget preparation.

Which of the Following Should Be Able to Provide the Financial