Daniel Mutiso, the Cost Accountant of Abra Ltd. feels that he is getting overworked and has recommended that a management accountant be employed to take up...

      

Daniel Mutiso, the Cost Accountant of Abra Ltd. feels that he is getting overworked and has
recommended that a management accountant be employed to take up other responsibilities in the
organization.

However, the management of the company equally argues that the work is the same and that a
decision to hire a management accountant is against their cost reduction policy.

Required:

In the light of the above statement, explain to the management three differences between management
accounting and cost accounting to help them make a fair decision.

  

Answers


Martin
a1.png
marto answered the question on February 15, 2019 at 07:29


Next: Outline four offences under the value added tax (VAT) Act
Previous: Cost accounting is often described as the provision of information required by management for specific purposes' Required: State six of these specific purposes.

View More CPA Cost Accounting Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions