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Fundamentals of management accounting

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Fundamentals of management accounting Questions and Answers

Questions 1

The managing director of a small expanding company has asked you to discuss the positioning of management accounting within his organization.

Which of the following would you suggest is an advantage of the management accountant taking on a business partnering role within the organization?

(i) It is easier for the management accountant to remain objective in decision making situations

(ii) The management accountant is an integral part of the business

(iii) It is easier to build strong relationships between the managers and the management accountant

Options:

A.  

(i) only

B.  

(i) and (ii)

C.  

(ii) and (iii)

D.  

(i), (ii) and (iii)