Which of the following statement/s about management accounting is/are true?
i. It is a part of an organisation's management information system.
ii. It is relied on by managers to plan and control an organisation's operations.
iii. It is relied on by external users to make investment decisions.
A) i and ii
B) i, ii and iii
C) iii
D) ii

Question

Quizplus · Accepted Answer

Management accounting is a part of an organization's management information system and is relied on by managers to plan and control an organization's operations. It is not relied on by external users to make investment decisions.

Which of the Following Statement/s About Management Accounting Is/are True