Management Accounting Quiz

Preparing financial statements for external stakeholders

Auditing financial records for compliance purposes

Providing internal stakeholders with financial information for decision-making (correct)

Forecasting market trends for investment purposes

Emphasis on future-oriented reports (correct)

Focus on historical financial performance

Solely for tax compliance purposes

Strict adherence to external reporting standards

Assisting in budgeting and performance evaluation (correct)

Preparing financial reports for tax authorities

Conducting external audits for shareholders

Managing day-to-day operational tasks