BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Well, I am doing my best by studying really hard ____
|
|
|
No I will fail for sure. Please do not pick this answer because this answer will be counted as wrong and we have full confidence in you
|
Detailed explanation-1: -Answer and Explanation: Explanation: Management accounting is one of the branches of accounting which is associated with the presentation of accounting data for use by management of a company.
Detailed explanation-2: -To pass ACCA F2 you need to demonstrate you understand; apply your knowledge. There might be a few questions you can answer really quickly that test if you know a fact, but there aren’t many. One of the reasons students don’t pass ACCA F2 is that they don’t understand how to apply the material.
Detailed explanation-3: -Explanation-Management accounting aims to perform correct budgeting, forecasting and cost accounting based on the information source.
Detailed explanation-4: -As per the Institute of Cost and Management Accountants, London, management accounting is defined as. “The application of professional knowledge and skills in preparing accounting information in such a way as to assist the management in formulating policies and help in planning and control of the undertaking”