In management accounting, students learn to prepare budgets, calculate cost variances and interpret those variances.Which of the following best links those topics with AIS study?
A)Use of professional judgment
B)Journal entry preparation
C)Both use of professional judgment and journal entry preparation
D)Neither use of professional judgment nor journal entry preparation

Question

Quizplus · Accepted Answer

Management accounting involves the use of professional judgment to interpret cost variances and prepare budgets, which aligns with the analytical and decision-making aspects of AIS (Accounting Information Systems).

In Management Accounting, Students Learn to Prepare Budgets, Calculate Cost