Which of the following deals with management accounting?
A) identifying the costs of acquiring the resources of the company
B) developing budgets
C) preparing the income statement
D) preparing the statement of cash flows

Question

Quizplus · Accepted Answer

Management accounting involves developing budgets to allocate resources and plan for the financial future of the company. Identifying costs (A) may be a part of this process, but it is not exclusive to management accounting. Preparing the income statement (C) and statement of cash flows (D) are related to financial accounting, which focuses on reporting financial information to external stakeholders.

Which of the Following Deals with Management Accounting