BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not an objective of management accounting
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Assigning decision-making authority over enterprise’s resources to the employees
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Providing wealth of information for supporting decision-making activity
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Dictate the specific types of business transactions that the enterprise may engage in
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i.Evaluate and reward decision making performance.
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Explanation:
Detailed explanation-1: -Answer: The correct choice is option D: Give information for the statement of profit and loss.
Detailed explanation-2: -The main objective of managerial accounting is to assist the management of a company in efficiently performing its functions: planning, organizing, directing, and controlling.
Detailed explanation-3: -What is the main objective of management accounting? To identify and analyse the result of business operations.
Detailed explanation-4: -Answer and Explanation: This is the correct option because mandatory external reports are not a characteristic of management accounting. The characteristic of management accounting is objectivity, comparability, reliability, and relevance.
There is 1 question to complete.