AIS can be linked to other areas of study in accounting by focusing on the five generic elements of the AIS.Which of the following is a process that might be studied in management or cost accounting?
A)Components of the master budget
B)How to prepare the master budget
C)Both components of the master budget and how to prepare the master budget
D)Neither components of the master budget nor how to prepare the master budget

Question

Quizplus · Accepted Answer

Management or cost accounting would likely focus on the process of how to prepare the master budget, rather than the specific components of the budget. This process involves analyzing historical data, forecasting future trends, and making decisions about resource allocation.

AIS Can Be Linked to Other Areas of Study in Accounting