Management Accounting

What is considered the language of business used to communicate financial information?

• Marketing

• Profit

• Pricing

• Accounting

When was the term Management Accounting coined?

• 1970

• 1950

• 1940

• 1931

What is the main objective of management accounting?

• To identify and analyse the result of business operations

• To study business transactions

• To check and maintain accounting records

• To remind the amount due to customers

Which personnel of a financial firm play a key role in management accounting?

• Investors

• Managers

• Suppliers

• Customers

What are the instruments/ tools related to management accounting?

• Marginal costing

• Standard costing

• Budget control

• All of the above