Introduction to management accounting - Keywords and Questions Flashcards
1
Q
What is management accounting?
A
Management accounting provides information for managers of an organisation who direct and control its operations
2
Q
What is the main domain of management accounting?
A
The primary focus is individual segments
3
Q
Who are the main users of management accounting?
A
Managers
4
Q
What is the time focus of management accounting?
A
Future emphasis
5
Q
What is the three types of frequency of management accounting?
A
Monthly
Weekly
Daily
6
Q
What is the legal framework of management accounting?
A
No prescribed format
