Choose the statement that best completes this sentence: 'Conventional management accounting focuses on …'
A) budgets,financial performance measures and cost control
B) financial performance measures,external reporting and cost elimination
C) non-financial performance measures,external reporting and cost control
D) external reporting,labour-related activity measures and cost elimination

Question

Quizplus · Accepted Answer

Conventional management accounting focuses on budgets, financial performance measures, and cost control. This includes developing and monitoring budgets, measuring financial performance through metrics such as return on investment (ROI), and controlling costs through strategies like inventory management and cost reduction programs.

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