Management accounting and financial accounting differ in that management [1 accounting information is prepared: a) Following prescribed rules b) Using whatever methods the company finds beneficial c) For shareholders d) To summarise the whole company with little detail [2] Management accounting: a) Always has an external orientation b) Always has an internal orientation c) Information assists in planning and controlling of the
Management accounting and financial accounting differ in that management [1 accounting information is prepared: a) Following prescribed rules b) Using whatever methods the company finds beneficial c) For shareholders d) To summarise the whole company with little detail [2] Management accounting: a) Always has an external orientation b) Always has an internal orientation c) Information assists in planning and controlling of the
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...
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Provide Full explanation why all the three options are incorrect
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