Choose the statement that best completes this sentence: 'All management accounting information ....'
A) has a focus on past costs.
B) has a focus on future costs.
C) is collected as required by internal management of the firm.
D) is constrained by the requirements of the Australian Accounting Standards.

Question

Quizplus · Accepted Answer

Management accounting information is primarily collected to meet the specific needs of internal management for decision-making, planning, and control purposes, rather than being constrained by external standards or focusing solely on past or future costs.

Choose the Statement That Best Completes This Sentence: 'All Management