Preparing profit and Loss account and balance sheet is the objectives of a. Cost Accounting b. All of these O c. Financial Accounting O d. Management Accounting
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- What is the purpose of management accounting?Typical accounting tasks include all of the following tasks except ________. A. auditing B. recording and tracking costs C. tax compliance and planning D. consulting E. purchasing direct materialsThe basic Objective of the management accounting is to supply the accounting information to the.........
- Management Accounting takes data from: a. Cost accounting b. All the options listed c. Financial accounting d. Taxation AccountingDistinguish between managerial and financial accounting onTypical accounting tasks include all of the following tasks except ________.A. auditingB. recording and tracking costsC. tax compliance and planningD. consultingE. purchasing direct materials
- Describe the nature and scope of management accounting? Nature of management accounting:. 1.Provids financial data: Management accounting provides financial data to the management and information so collected is used by the management for taking policy decisions. 2.Decision making: The management accounting supplies necessary information to the management, basing on which decision are taken. Scope of management of accounting:. 1.Financi accounting. 2.Cost accounting. 3.Revaluatiom accounting. 4.Budgetary control.Under the historical cost accounting model the financial statement that is regarded as the most important is: Select one: a. Balance sheet b. Cash flow statement c. Income statement d. They are all equally importantWhich of the following is not a management accounting report? A.Income statement B.Sales forecast C.Cost report D.Budget
- Please help with this Accounting type Question: Which of the following is not a tool of management accounting? A. Financial Accounting B. Inflation Accounting C. Standard Costing D. Analysis of Financial StatementsMeaning of accounting principles with examples: i. Money measurement conceptii. Dual aspect concept iii. Objectivityiv. Historical costClassify the following as to whether they are normally related or not to accounting and finance functions: 1. Investment management 2. Preparation of accounting systems and procedures manual 3. Marketing 4. Cost reduction studies