Management accounting and financial accounting differ in that manageme – McqOptions

MCQOPTIONS

1.	Management accounting and financial accounting differ in that management accounting information is prepared
A.	following prescribed rules
B.	using whatever methods, the company finds beneficial.
C.	for shareholders.
D.	to summarize the whole company with little detail.
Answer» C. for shareholders.

Discussion

No Comment Found

Related MCQs

Accounting is concerned with measurement of the cost and value of people for the organization.
..accounting is the adoption and analysis of accountinginformation and its diagnosis and explanation in such a way so as to assist thedecision -makers.
..costs are pre-determined targets adainst which actual results are evaluated.
The important objective of ..accounting is to organize the accumulated financial data into meaningful information.
Planning is that function of ..which requires an efficient system of decision making.
Budgetary control helps to introduce a suitable incentive and remuneration based on
Plant utilization budget and Manufacturing overhead budgets are types of.
The management accounting can be stated an extension ofI)Cost AccountingII)Financial Accounting
Which of the following is not the limitation of Management Accounting?I)Developing StageII)Resistance from StaffIII)Lack of wide knowledgeIV)Decision Making
What is formula of Capital employed?I)Shareholder's Funds+Non Current LiabilitiesII)Total Assets-Current LiabilitiesIII)Non Current Assets-Working capitalIV)Total Assets-Total Liabilities