Podcast
Questions and Answers
What function does Management Accounting serve in terms of performance evaluation?
What function does Management Accounting serve in terms of performance evaluation?
- It helps in decision making by providing necessary data.
- It acts as a yardstick for measuring the level of performance of operational activities. (correct)
- It prepares necessary plans to implement financial decisions.
- It provides necessary information to the management to review performance towards goals.
What is a limitation of Management Accounting?
What is a limitation of Management Accounting?
- It is a forward-looking tool.
- It has a narrow scope.
- It relies heavily on historical data. (correct)
- It is a substitute for management.
What is an objective of Management Accounting?
What is an objective of Management Accounting?
- Financial Analysis and Interpretation
- Office System and Operational Research
- Performance Evaluation and Decision Making (correct)
- Tax Planning and Policy Making
What is a tool or technique of Management Accounting?
What is a tool or technique of Management Accounting?
What is the primary goal of management accounting, according to J.Batty?
What is the primary goal of management accounting, according to J.Batty?
What is the role of Management Accounting in terms of planning?
What is the role of Management Accounting in terms of planning?
What is a scope of Management Accounting?
What is a scope of Management Accounting?
Which of the following is NOT a feature of management accounting, according to the Certified Institute of Management Accountants (CIMA)?
Which of the following is NOT a feature of management accounting, according to the Certified Institute of Management Accountants (CIMA)?
What is the primary purpose of management accounting, according to the American Accounting Association (AAA)?
What is the primary purpose of management accounting, according to the American Accounting Association (AAA)?
What is the role of management accounting in relation to the management's decision-making process?
What is the role of management accounting in relation to the management's decision-making process?
What is the primary objective of management accounting, according to the Certified Institute of Management Accountants (CIMA)?
What is the primary objective of management accounting, according to the Certified Institute of Management Accountants (CIMA)?
What is the primary function of management accounting in relation to the collection of data?
What is the primary function of management accounting in relation to the collection of data?
