Management accounting is dynamic and thus it changes over time. Cokins (2013) identified some major trends in management accounting. Discuss those trends.
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- Management accounting is future oriented. Select one: True FalseManagerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAPManagerial accounting focuses on historical information while financial accounting focuses on the future and making projections. TRUE FALSE
- How management accounting evolved into what it is todayHow does operational efficiency measurement differ from financial metrics? a) Process effectiveness indicators complement cost measures b) Financial data tells complete story c) Efficiency remains constant d) Standard metrics work everywhere. Please tutor give me answer to this general accounting QuestionWhich of the following is a typical key performance indicator for the financial perspective? Multiple Choice New customer acquisition rate Process cost Satisfaction Change readiness Return on equity
- What is the purpose of management accounting?Subject: Financial AccountingThe following are basic characteristics of management accounting, except A. It is future-oriented. B. It is used by both the external and internal stakeholders C. It may use non-financial data or information D. It complies with generally accounting principles. (choose letter only)