Management Accounting Principles (MAP) Quiz

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Questions and Answers

Which term is often used interchangeably with management accounting principles for the purpose of improving decision support objectives, internal business processes, and resource application?

MAP

What are the two management accounting principles mentioned in the text?

Principle of Causality and Principle of Analogy

What does the Managerial Costing Conceptual Framework (MCCF) incorporate?

Management accounting principles, concepts, and constraints

What is the purpose of the Management Accounting Principles (MAP)?

<p>To serve the core needs of internal management</p> Signup and view all the answers

What does the framework incorporating the management accounting principles and concepts end?

<p>Decades of confusion surrounding management accounting approaches</p> Signup and view all the answers

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