The prime function of management accounting is to assist the management in discharging its functions effectively.

Keep practicing — related questions

• Management accounting provides information to the management only for control purposes.
• Management accounting is designed for use in the operational needs.
• Management accountant is responsible for interpretation of financial statements.
• Financial accounting is historic and management accounting is current and future.
• Management accountants help the management to adopt the management by exception.
• Budget is a good control mechanism in the hands of the management.
• _________ is the primary function of management.
• Which of the following is a type of functional group in network management problem which consists of config...