ACCA MA Practice Questions - ACCA Applied Knowledge - Management Accounting (MA) Exam

Which characteristic distinguishes management accounting information from financial accounting information?

It must comply with IFRS and statutory formats It is prepared only once a year It can include non-financial and forward-looking data tailored to managers' needs It is always audited by an external auditor

Correct Answer:

It can include non-financial and forward-looking data tailored to managers' needs

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