Question: Question 4 a. Define management accounting and explain the difference between financial, cost and management accounting. (5 marks) b. Explain the planning horizon. (4.5 marks)

Question 4 a. Define management accounting and explain the difference between

Question 4 a. Define management accounting and explain the difference between financial, cost and management accounting. (5 marks) b. Explain the planning horizon. (4.5 marks) c. Define and explain the main responsibility centres. (4 marks) d. The attributes of good information is identified by the ACCURATE acronym. Discuss (4 marks)

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