Cost and management accounting: please select all that apply.
A) Focuses on the present and future.
B) Presents information to users outside the organisation.
C) Helps managers to decide which products to produce and sell.
D) Uses reports on the results of past plans to improve operations in the future.
Topic: Users of financial statements

Question

Quizplus · Accepted Answer

Cost and management accounting focuses on internal decision-making, emphasizing present and future planning (A), aids managers in product-related decisions (C), and uses past performance reports to enhance future operations (D). It is not primarily for external users (B).

Cost and Management Accounting: Please Select All That Apply