Which of the following statements about cost accounting systems is FALSE?
A) The cost accounting system provides the cost data that managers use for decision making.
B) The cost accounting system is the most fundamental component of a cost management system.
C) A cost accounting system that provides accurate information is a key success factor for all types of organizations.
D) The cost accounting system does not provide data for financial reports.
Correct Answer:
Verified
Q1: What type of users need aggregate cost
Q2: Investors need more detailed information about products
Q3: What types of firms need cost accounting?
A)manufacturing
Q7: What is an example of using cost
Q10: What is an example of a strategic
Q11: A cost management system provides information for
Q12: An example of a strategic management decision
Q19: An example of a strategic management decision
Q29: Cost accounting is that part of the
Q32: A cost is a sacrifice of resources
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