Question

Which of the following are components of Management Accounting? Choose all the correct answers.

Question options:

	a) Profitability Analysis.
	b) Cost Element Accounting.
	c) Financial Accounting.
	d) Cost Center Accounting.
	e) Overhead Cost Controlling.

Answer 1

Answer

• All options mentioned are components of management accounting EXCEPT for Option ‘c’ Financial Accounting.
• Hence, CHOOSE ALL OPTIONS [except Option ‘c’]
• This is because Financial Accounting is for financial reporting purpose, while Management accounting revolves around internal efficiency, cost control, decision making, etc.
• Correct Answers:
  -Profitability analysis
  -Cost element accounting
  -Cost center accounting
  -Overhead Cost controlling