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Management Accounting information is best described as: Providing a signal that something is
wrong Identifying and helping to explain what is wrong Simply summarizing information and
passing it on to the CEO Measuring overall organizational performance
Solution
Correct option is (b) identifying and helping to explain what is wrong.
Management accounting can be used to compare the actual performance of costs and revenue
with budgeted performance of costs and revenues. Management accounting helps to identify the
variances.

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Management Accounting information is best described as Providing a s.pdf

  • 1. Management Accounting information is best described as: Providing a signal that something is wrong Identifying and helping to explain what is wrong Simply summarizing information and passing it on to the CEO Measuring overall organizational performance Solution Correct option is (b) identifying and helping to explain what is wrong. Management accounting can be used to compare the actual performance of costs and revenue with budgeted performance of costs and revenues. Management accounting helps to identify the variances.