Budgetary control is not a management accounting tool.

Keep practicing — related questions

• Management accountant is not responsible for classification and codification of accounts.
• Management accounting provides information to the management only for control purposes.
• Variance Analysis is one of the budgetary control mechanisms.
• Budget is a good control mechanism in the hands of the management.
• Management accounting is designed for use in the operational needs.
• Financial accounting is historic and management accounting is current and future.
• Management accountant is responsible for interpretation of financial statements.
• Managerial accounting does not encompass