During her University Degree course, the daughter of a Managing Director, of a manufacturing enterprise, told her father that during a class debate some of her friends have suggested that the purposes of management accounting systems are costing and management control. Being unsure about the answer, she asked her father whether this correctly addresses the effective purposes of management accounting. Required: Briefly discuss whether this satisfactorily describes the purposes of management accounting

Answer rating: 100% (QA)

Costing and management control are indeed important aspects of management accounting but they do not ... View the full answer