Which of these are is not included within the scope of current management accounting?
A) Compliance with international accounting standards
B) Consideration of environmental issues
C) Consideration of intangible assets
D) None of the above, i.e. all are included within the scope of current management accounting

Question

Quizplus · Accepted Answer

Compliance with international accounting standards falls under the scope of financial accounting, not management accounting. Management accounting is focused on providing information for internal decision-making and planning, while financial accounting is concerned with providing accurate and reliable financial statements for external users. B and C are both included within the scope of current management accounting as companies are increasingly considering environmental and social factors, as well as intangible assets (such as intellectual property) when making business decisions.

Which of These Are Is Not Included Within the Scope