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