is an example of the external financial reporting purpose of the cost management systems.
A) The cost of a manufacturing process
B) The amount of inventory which should appear on the balance sheet
C) The product mix to optimize profitability
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

The external financial reporting purpose of cost management systems is to provide accurate financial information for external stakeholders, such as the amount of inventory for the balance sheet.

Is an Example of the External Financial Reporting Purpose of the Cost