Management accountants help the management to adopt the management by exception.

Keep practicing — related questions

• Management accountant is responsible for interpretation of financial statements.
• Management accounting provides information to the management only for control purposes.
• Management accounting is designed for use in the operational needs.
• Management accountant is not responsible for classification and codification of accounts.
• Management accountant need not have direct contact with the top management.
• Management accountant carries out appraisal of external economic and social factors influencing the business.
• Directions: State whether the following statement is True Or False. The accountant’s approach of profit is ...
• Management accountants consider both the historical data and the projected data.