When benchmarking, management accountants are most valuable when they ________.
A) present differences in the benchmarking data to management
B) highlight differences in the benchmarking data to management
C) provide insight into why costs or revenues differ across companies
D) provide complex mathematical analysis

Question

Quizplus · Accepted Answer

Management accountants are most valuable when they provide insight into why costs or revenues differ across companies during benchmarking. While presenting and highlighting differences in benchmarking data is important, the ability to provide insight into the reasons behind those differences is what sets management accountants apart. While they may use mathematical analysis to reach their conclusions, providing complex mathematical analysis is not necessarily their primary role in benchmarking.

When Benchmarking, Management Accountants Are Most Valuable When They ________