Which statement is false? a. Management accounting makes use of both quantitative and qualitative information for maximum use of management b. Financial accounting emphasizes current and future data while management accounting is essentially historical. c. Management accounting covers a much broader scope, for it goes beyond the boundaries of traditional accounting. d. Management accounting information merely assist managers in rendering judgment, but it is not a substitute for judgment.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which statement is false?

a. Management accounting makes use of both quantitative and qualitative information for maximum use of management
b. Financial accounting emphasizes current and future data while management accounting is essentially historical.
c. Management accounting covers a much broader scope, for it goes beyond the boundaries of traditional accounting.
d. Management accounting information merely assist managers in rendering judgment, but it is not a substitute for judgment.

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