Question 1:
Define the term Management Accounting. Describe the scope and functions as well as limitations of management Accounting.
Question 2:
Differentiate between financial Accounting and Management Accounting.
Question 3:
Define the term Management Accounting and state its benefits.
Question 4:
Management Accounting is the presentation of accounting information in such a manner as to help the management in the creation of policy and in the day-to-day operation of the undertaking. Explain the above statement giving appropriate illustrations.
Question 5:
What are the responsibilities of a Management Accountant?
Question 6:
There are no externally imposed usually accepted accounting principles for management accounting. In the light of the above statement describe giving examples the nature and scope of the management accounting.