You can check 10+ pages which of the following is true about management accounting answer in PDF format. Depreciation is provided in the books only when there is profit D. It must be prepared using generally accepting accounting principles. They are prepared periodically or at any time management needs information. Check also: true and which of the following is true about management accounting It is relied upon by managers to plan and control an organisations operations.
B It is prepared based on SEC rules and FASB accounting principles. It provides more detailed information than financial accounting does.
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Therefore statement 1 is incorrect.
Ii Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation. Management accountants are responsible for maintaining a high level of professional competence treating sensitive matters with confidentiality maintaining personal integrity and. It is defined as the difference between some measure of profit and an imputed charge for use of assets by the subunit whose performance is being evaluated. A Management accounting is associated with presentation of accounting data. Which of the following is true about management accounting. There are specific standards of acceptability for managerial accounting.
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