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ACCA Applied Knowledge · Management Accounting · Accounting for management

Which of the following information would normally be produced by management accounting rather than financial accounting?

A budgeted cost per unit for a proposed new product is management accounting information, because it is internal, forward-looking and used for decisions. The statement of financial position, statement of cash flows and accounting policy notes are components of the published financial statements produced under financial accounting.

  1. AA statement of financial position at the reporting date
  2. BA budgeted cost per unit for a proposed new productCorrect
  3. CA statement of cash flows prepared under IAS 7
  4. DThe notes disclosing the entity's accounting policies

Explanation

A budgeted unit cost for a proposed product is internal, forward-looking decision information. The statement of financial position, cash flow statement and policy notes are all parts of published financial statements.

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