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Questions and Answers
Management accounting is used by managers to assist in decision-making and performance of control functions.
Management accounting is used by managers to assist in decision-making and performance of control functions.
True (A)
Cost accounting is another term for management accounting.
Cost accounting is another term for management accounting.
True (A)
The Institute of Management Accountants defines management accounting as the profession of accountants who prepare financial statements.
The Institute of Management Accountants defines management accounting as the profession of accountants who prepare financial statements.
False (B)
Management accounting provides only financial decision-making information to managers.
Management accounting provides only financial decision-making information to managers.
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Accountants use plans to measure the overall strategy of operations within the organization.
Accountants use plans to measure the overall strategy of operations within the organization.
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