Accounting · Management Accounting Introduction
Which of the following statements about management accounting is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Management accounting provides information for decision-making, planning, and control.
- 2Management accounts are primarily for internal use by managers and employees.
- 3Management accounting information must adhere to legal and statutory financial accounting standards.✓
- 4Management accounting can include both financial and non-financial information.
Correct answer
Management accounting information must adhere to legal and statutory financial accounting standards.
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