Cost vs Management Accounting

Front

Which accounting discipline records and analyses costs?

Back

Cost Accounting

Front

Which accounting discipline focuses on historical data?

Back

Cost Accounting

Front

Which accounting discipline uses standardised procedures?

Back

Cost Accounting

Front

Which accounting discipline has external reporting requirements?

Back

Cost Accounting

Front

Which accounting discipline plans and controls operations?

Back

Management Accounting

Front

Which accounting discipline is future-oriented in its decisions?

Back

Management Accounting

Front

Which accounting discipline uses flexible information systems?

Back

Management Accounting

Front

Which accounting discipline provides internal decision support?

Back

Management Accounting

Front

A cost represents the ______ value of resources consumed or sacrificed to achieve a specific business objective or produce goods and services.

Back

monetary

Front

Fill in the blank: ________ remain constant regardless of production volume.

Back

Fixed Costs