5 Questions
Management accounting is used by managers to assist in decision-making and performance of control functions.
True
Cost accounting is another term for management accounting.
True
The Institute of Management Accountants defines management accounting as the profession of accountants who prepare financial statements.
False
Management accounting provides only financial decision-making information to managers.
False
Accountants use plans to measure the overall strategy of operations within the organization.
True
Test your knowledge of management accounting with this quiz! Explore topics such as financial decision-making, non-financial information, and the role of management accounting in assisting managers with control functions.
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