Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs.

Answer 1

This explanation should help you.

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Answer 2

because it is common to all cost accounting

Answer 3

Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs

Answer 4

1. Flexibility is said to be the hallmark of modern management accounting, whereas
standardization and consistency describe financial accounting. Explain why the focus of
these two accounting systems differs.