Management accounting:
A) must comply with Australian accounting standards.
B) focuses primarily on the needs of managers internal to the organisation.
C) provides information for parties external to the organisation.
D) involves reports focusing on the enterprise in its entirety.

Question

Quizplus · Accepted Answer

Management accounting is focused primarily on providing information for managers internal to the organization to help with decision-making, planning, and control. It is not required to comply with Australian accounting standards and does not provide information for external parties. Management accounting reports can focus on different aspects of the organization, but they are typically tailored to specific needs and concerns of managers.

Management Accounting