A logical integration of management accounting tools to gather and report data and to evaluate performance is a(n)
A) internal control system.
B) quality control system.
C) financial reporting system.
D) management control system.

Question

Quizplus · Accepted Answer

A management control system uses management accounting tools to gather, report, and evaluate data related to organizational performance. It is designed to help managers make informed decisions and monitor performance against goals and objectives. Internal control systems and quality control systems are important components of a management control system, but they do not encompass the entirety of the system. A financial reporting system is focused primarily on the preparation and dissemination of financial information and does not typically include tools for evaluating performance.

A Logical Integration of Management Accounting Tools to Gather and Report