Management accounting activities
A)are synonymous with financial accounting activities.
B)are substitute for the management process.
C)complement the management process.
D)have nothing to do with the management process.

Question

Quizplus · Accepted Answer

Management accounting activities are designed to complement the management process, providing financial information and analyses that support decision-making, planning, and control. They are not synonymous with financial accounting activities, which focus primarily on preparing financial statements for external reporting purposes. They are also not a substitute for the management process, but rather an essential part of it. Therefore, the best choice is C- complement the management process.

Management Accounting Activities