Which one of the following statements is not true?
A) Cost and management accounting information is generated as frequently as required.
B) Accounting is the foundation of strategic and operational decision making.
C) Financial accounting and management accounting reports derive their financial information from completely diverse sources.
D) Costs are the foundation for decision making by management

Question

Quizplus · Accepted Answer

Financial accounting and management accounting both derive their financial information from the same sources, such as the company's financial transactions and records. The difference lies in how the information is processed, presented, and used, not in the source of the information.

Which One of the Following Statements Is Not True