Management accounting information is important for both for-profit and not-for-profit organizations.

Name: Management accounting information is important for both for-profit and not-for-profit organizations.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Management accounting information plays a crucial role in decision making and planning for both for-profit and not-for-profit organizations. It helps in identifying and controlling costs, evaluating performance, and making informed decisions. Therefore, the statement is true.

Management Accounting Information Is Important for Both For-Profit and Not-For-Profit