________shows how the accounting function can be represented, so as to fit it within the framework of Management activity.  a. Cost accounting  b. Tax accounting   c. Management accounting  d. Financial accounting

Q: Management Accounting takes data from:  a. Taxation Accounting b. Cost accounting c. All the options…

A: Management accounting is concerned with supply of information,which is useful for the efficient…

Q: 21. General-purpose financial statements product of financial accounting. managerial accounting.…

A: Answer -  Correct Option is Option A : financial accounting

Q: 16- Which of the following is the second level in the conceptual framework of Accounting? a.…

A: Solution:- Identification of second level in the conceptual framework of Accounting as follows…

Q: 13. Planning is a function that involves a. hiring the right people for a particular job. b.…

A: Financial management consists of directing, planning, organizing and controlling of financial…

Q: difference between financial accounting and management accounting

A: Financial accounting is the process of collecting data to create financial statements. Managerial…

Q: 24. ____________ is the study of managerial aspects of financial accounting a. Cost accounting b.…

A: The accounting is a process to record, analyze and present the financial statements of the business.…

Q: How important are accounting information systems in contemporary accounting practice?

A: Introduction: Accounting: A company's financial activities are tracked through accounting, which is…

Q: Which of the following is NOT an objective of Management Accounting? a. Interpretation of Financial…

A: Management accounting refers to use of accounting and financial information of an entity in order to…

Q: What is the basic difference in orientation between financial and management accounting?

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: actual facts and figures

A: Which branch of accounting deals with actual facts and figures? Correct answer :- A :- Management…

Q: Which is the main characteristic of Management accounting? a. Helping to achieve organizational…

A: Management accounting: Management accounting refers to the preparation of reports or financial…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A: Financial accounting: It involves identifying, recording, summarizing and reporting the economic…

Q: 1. Managerial accounting information differs from financial accounting information in many respects.…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Distinguish between financial accounting and management accounting.

A: Managerial accounting: Management accounting is a practice whereby management reports and accounts…

Q: From the following sub areas of accounting information system, identify, which one belongs to the…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: Mention the branches of accounting from the following. a. Cost accounting b. Financial accounting c.…

A: Branches of accounting 1 Cost accounting 2. Financial accounting 3. Management accounting

Q: e broad conceptual definition of management accounting presented in the text excludes     a. public…

A: Management accounting refers to the system of accounting that uses the informal for internal use by…

Q: differentiate between financial accounting and management accounting

A: Accounting is the process of record of financial data with sorting, storing , retrieving,…

Q: What is the fundamental difference between financial accounting and management accounting in terms…

A: An accountant's job is to keep track of the findings and analyze them.

Q: The type of accounting that is related to cost ascertainment and control is: a. Cost accounting b.…

A: Financial accounting helps in preparation and presentation of financial statements Taxation…

Q: mation used in the financial accounting and management accounting Accounting Education b. a. Cost…

A: Since we answer only one question, we will answer the first question. Please resubmit the question.…

Q: What are 3 differences between Managerial Accounting and Financial Accounting.

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What is the full form of CIMA, the professional body controlling the profession of Cost Accounting?…

A: Introduction: CIMA: Its a UK Based accounting professional body. Established in the year March ,…

Q: Discuss TWO (2) impacts of technological advancement on the management accounting practice.

A: The technology has grown at a faster pace over the past few years. Access to swift software that…

Q: management accounting and financial accounting distinctions

A: Managerial accounting is the accounting used by managers and other internal users to make corporate…

Q: Examine the purpose of the accounting function within an organization.

A: Accounting is the art and science of identifying, recording, classifying, summarising, and…

Q: g and business adminis

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: 68. Which is correct with regards to the financial and managerial accounting? * Financial accounting…

A: >Financial accounting involves accounting for the transaction as they occur, following various…

Q: accounting c. Cost accounting d. Management accounting

A: The correct answer is D  Management accounting.

Q: 4. How the following two constraints related to financial accounting theory affecting organization?…

A: Financial reporting means releasing the financial reports of the company to its shareholders and in…

Q: Accounting designed to meet the needs of decision-makers inside the business is referred to as…

A: Lets understand the meaning of management accounting. It is a type of accounting designed to meet…

Q: 47 I. Financial accounting info. is usually used exclusively by internal parties such as managers.…

A: Financial accounting refers to recording, analyzing and reporting of financial data of a company so…

Q: ing vs Managerial accounting

A: Financial accounting is the process of recording, sum up and reporting a company's business…

Q: An internal accounting system should: a. provide information to enable costs to be minimized b.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Many accounting professionals work in one of the following three areas. A. Financial accounting B.…

A: B. Managerial accounting - 1. Internal auditing A. Financial accounting - 2. External auditing B.…

Q: 16. Which is more useful to an operations manager, financial accounting or management accounting?…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: management accounting benefit

A: Management accounting is keeping, recording and processing accounting information useful to managers…

Q: 1. Managerial accounting is a field of accounting that provides economic information for all…

A: Managerial accounting is the branch of accounting in which data is recorded, summarised and…

Q: Classify the following as to whether they are normally related or not to accounting and finance…

A: The recording and analysis of company activities are referred to as accounting and finance.…

Q: Which of the following branches of accounting is often limited to preparing and distributing…

A: Accounting is the process whereby the costs and revenues of the business are estimated and recorded.…

Q: 1. Reports prepared in management accounting are general-purpose reports, whereas reports prepared…

A: "As per bartleby guidelines we will solve the first question for you. If you want any specific…

Q: What is the difference between accounting and business administration

A: Both accounting and administration are critical components of business operations. They are mutually…

Q: Which of the following branches of accounting is the original form of accounting? a. Financial…

A: The branches of accounting are 1 Financial accounting 2 Cost accounting 3. Management accounting…