Which of the following statements is false?
A) Costing is common to both conventional and contemporary management accounting.
B) Activity-based costing is common to both conventional and contemporary management accounting.
C) Performance measurement is common to both conventional and contemporary management accounting.
D) Contemporary performance measurement covers a range of critical success factors.

Question

Quizplus · Accepted Answer

Activity-based costing is a contemporary technique that is not typically used in conventional management accounting. Conventional costing systems often rely on simple and traditional overhead allocations, while contemporary management accounting recognizes the importance of identifying and allocating costs based on specific activities. Therefore, activity-based costing is primarily employed in contemporary management accounting rather than conventional management accounting.

Which of the Following Statements Is False