Choose the statement that best completes this sentence: 'Conventional management accounting focuses on …'
A) budgeting systems,financial performance measures and cost control.
B) financial performance measures,external reporting and cost elimination.
C) non-financial performance measures,external reporting and cost control.
D) external reporting,labour-related activity measures and cost elimination.

Question

Quizplus · Accepted Answer

Conventional management accounting typically focuses on budgeting systems, financial performance measures and cost control. These are the primary areas of concern for management accountants in maintaining financial stability and achieving business goals. While external reporting and non-financial performance measures may also be important, they are typically secondary to the core functions of budgeting, financial measurement and cost management in the context of management accounting. Therefore, option A is the best choice for completing the given sentence.

Choose the Statement That Best Completes This Sentence: 'Conventional Management