Return to the HomepageElements of Costing Test Two
Q1 of 15

Decide whether each of the following statements is true or false.

Statement True False  
Financial accounting is aimed at providing information
for those who manage the organisation
Management accounting can use current and historical
information to provide estimates of future costs and revenues
Financial accounting is governed by accounting standards
and legislation
The main use of management accounting is to provide
accurate historical information about costs and revenues