Management Accounting

question 76

Multiple Choice

Management accounting

• A)is more concerned with the future than is financial accounting.
• B)is less concerned with segments of a company than is financial accounting.
• C)is more constrained by rules and regulations than is financial accounting.
• D)all of the above are true.

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Definitions:

Pension Plan

A pension scheme in which an employer is obliged to contribute to a fund allocated for an employee's future benefit.

Plan Contribution

Money added to a retirement or pension plan, either by individuals or employers, to save for the future.

Actuarially Determined

Calculated using actuaries' methods and assumptions, typically in the context of pension plans and insurance.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows or investments.