Skip to content

ACCA Applied Knowledge · Management Accounting · Accounting for management

Which of the following is a task of management accounting in supporting planning, control and decision-making?

Comparing actual results with budget and reporting variances to managers is a management accounting task, because it supports control and corrective action. Producing published cash flow statements, auditor's reports and listing rule compliance relate to external reporting, audit and regulation instead.

  1. AComparing actual results with budget and reporting variances to managersCorrect
  2. BPreparing the statutory statement of cash flows for publication
  3. CIssuing the auditor's report to shareholders
  4. DEnsuring the annual report complies with listing rules

Explanation

Control involves comparing actual with planned performance and reporting variances so managers can take corrective action. The remaining options are statutory reporting, audit and compliance tasks associated with financial reporting and external regulation.

Did you get it right without looking?

One question tells you little. A timed set on Accounting for management shows your real accuracy, how long you take and where you lose marks.

Practise Accounting for managementFree diagnostic mock

More Accounting for management questions