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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

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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

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

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AderynAdvanced · Tutor for 1 years

Answer

True

Explain

## Step1: Understanding the Statement<br />In this step, we need to understand the given statement and cross-verify it with the definition of Management accounting.<br />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.<br /><br />## Step2: Comparing the statement<br />The 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.
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