What Are Two Key Ways Management Accounting Is Different from Financial

question 29

Multiple Choice

What are two key ways management accounting is different from financial accounting?

• A) Management accounting provides special-purpose information to people external to the firm and it is highly regulated.
• B) Management accounting provides information for the day-to-day running of an organisation and it is governed by the requirements of ASIC.
• C) Management accounting is focused on providing information to shareholders who wish to have input into the management of the organisation and it is regulated by generally accepted accounting principles.
• D) Management accounting focuses on providing information for internal users and it is largely unregulated.

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Definitions:

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A disorder characterized by persistent and excessive worry about a number of different things, often disproportionate to the actual source of worry.