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Management Accounting Can Be Defined as the Identification, Measurement and Communication of Accounting Information for the Managers of

Question

Management accounting can be defined as the identification, measurement and communication of accounting information for the managers of a business to help them with their decision-making. True False

Answer

4.5 (152 Votes)
Verificación de expertos
Aderyn Advanced · Tutor for 1 years

Answer

True

Explanation

## Step1: Understanding the StatementIn this step, we need to understand the given statement and cross-verify it with the definition of Management accounting.Now, Management accounting or managerial accounting involves the identification, measurement, analysis, interpretation, and communication of information since all these action points support an organization's management. The overall goal is to support managers in making decisions so they can better equip their organization in the pursuit of its strategic goals and objectives.## Step2: Comparing the statementThe given statement suggests that the management accounting can be defined as "the identification, measurement and communication of accounting information for the managers of a business to help them with their decision-making". From our understanding in step 1, the given definition accurately reflects the domain of management accounting.