CIMA BA2 · Chapter 1 · Question 2 of 12
What is generally regarded as the overall purpose of management accounting within an organisation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) To provide information and analysis that helps managers create, protect and increase value for the organisation's stakeholders
Explanation
Management accounting exists to support management decisions so that the organisation creates and preserves value for its stakeholders. Statutory financial statements and tax computations are financial accounting and tax functions, and independent assurance is the role of the external auditor.
More The context of management accounting MCQs
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