True: It is the sourcing, analysis, communication and use of decision-relevant financial and non-financial information to generate and preserve value for organisations, It combines accounting, finance and management with the business skills and techniques you’ll need to add real value to any organisation., False: They are historic records which tend to be presented in a standard format laid down by law., External groups such as HM Revenue and Customs are particularly interested in these accounts.,

Management Accounting Definition

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