Management accountant need not have direct contact with the top management.

Keep practicing — related questions

• Management accountant is not responsible for classification and codification of accounts.
• Management accountant is responsible for interpretation of financial statements.
• Management accountants help the management to adopt the management by exception.
• Management accounting provides information to the management only for control purposes.
• Management accountant carries out appraisal of external economic and social factors influencing the business.
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