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Question

Management accounting can assist the management by provision of relevant information for __________

A Cost reduction Correct Answer Incorrect Answer
B Cost control Correct Answer Incorrect Answer
C Financial accounting Correct Answer Incorrect Answer
D Decision making Correct Answer Incorrect Answer
E Ethical accounting Correct Answer Incorrect Answer

Solution

Management accounting is an integral part of management function. It assists management by provision of relevant information for planning, organizing, controlling and decision making .                                                          Management accounting is the application of the principles of accounting and financial management to create, protect, preserve and increase value for stakeholders of for-profit and not-for-profit enterprises in public and private sectors.

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