Management Accounting Is Primarily Concerned With

question 46

Multiple Choice

Management accounting is primarily concerned with:

• A) providing investors with useful information for valuing securities.
• B) providing creditors information on the status of their loans.
• C) providing managers with relevant information to help achieve organizational goals.
• D) providing the relevant taxation authorities with information to determine the amount of taxes owed.

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Definitions:

Finite Life

A term used to describe assets or investments that have a fixed period of utilization or return, after which they cease to produce value.

Amortised

The process of gradually writing off the initial cost of an asset over its useful life.

Internally Generated

Refers to assets or values created within a company through its own processes and activities, rather than acquired externally.

AASB 138

An Australian Accounting Standard Board rule that outlines the accounting requirements for intangible assets not covered by other specific standards.