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Management Accounting

Forums › FIA Forums › Management Accounting

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by Avatarmaximus07.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • January 4, 2021 at 11:02 am #601414
    Avatarmaximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Which of the following should MOST likely influence the content of a management information report?

    (A) Whether the information is from internal or external sources
    (B) The information requirements of the recipient of the report
    (C) The degree of accuracy of the information within the report
    (D) The cost of obtain?ng the necessary information

    Answer is B.

    Sir ‘B’ is User-targetted while ‘d’ is cost beneficial. So why the computer have given priority to ‘B’. Please help.

    January 4, 2021 at 1:28 pm #601432
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10657
    • ☆☆☆☆☆

    The only reason to have any type of management report is if it is to be useful to the recipient, so that is the key influence.

    A is irrelevant
    C is one of the qualities that depends on the information needs of the recipient along with qualities like speed of obtaining the report, level of detail etc.
    D is very important, but I think that the order is B then C. The user might require some information that is too expensive to provide, but cheap information would never be supplied simply because it was cheap as it might be pointless.

    January 4, 2021 at 3:20 pm #601448
    Avatarmaximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Thank you sir.

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  • The topic ‘Management Accounting’ is closed to new replies.

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