Management Accounting

Question 1

Management Accounting

Answer 1

uses data gathered by the financial accounting process and analyzes this information for decision-making and control purposes. Management accounting is mainly for internal use and is forward-looking.

Question 2

Management accounting processes contribute directly to

Answer 2

helping project teams successfully manage and deliver projects

Question 3

most of the FMD Pro focuses on

Answer 3

skills and tools related to management accounting.

Question 4

Management accounting is especially

Answer 4

relevant to the project team. It is forward-looking, as it helps a team make project-level forecasts and decisions. It is not usually a statutory requirement.

Question 5

Management accounting Process

Answer 5

analyzes data from the financial accounts, compares results with plans, provides forecasts

Question 6

Management accounting Outputs

Answer 6

management accounts

Question 7

Management accounting Purpose

Answer 7

internal management

Question 8

Management accounting Perspective

Answer 8

forward-looking, subjective

Question 9

Management accounting Statutory obligation?

Answer 9

no