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A) the flexibility of information.
B) the precision of information.
C) the timeliness of information.
D) both A and C above.
D) both A and C above
this is true answer
Management accounting differs from financial accounting in the following respects:1-management accounting is not governed by the accounting principles generally accepted and it reflects the financial accounting that are governed by the principles of accounting generally accepted as a principle of historical cost and the other is due to the fact that the Financial Accounting serving parties outside established these parties and the matter to ensure that the financial statements have been prepared in accordance with accounting principles generally acceptedAs for management accounting, the primary consideration is to provide adequate information for the purpose for which they were prepared for it, regardless of whether such information has been prepared in accordance with the principles of accounting canonical or not, and it has been fixed assets calendar in management accounting in accordance with the current value, regardless of the historical cost and the application of the concept of opportunity cost
2-care management accounting to provide relevant information to assist management in planning, control and decision-making areas have this information be financial and non-financial may relate information to the past, present, or future, in contrast to financial accounting interested in financial operations only in addition to the Financial Accounting Information historical information relating to past financial pillars that result from financial accounting and the most important of the income statement which describes the result of the business for the past financial period and the balance sheet that reflect the financial position at the end of the period3-focus management accounting mainly on the different sectors of established products or departments or factories or different responsibility centers in addition to its focus on the enterprise as a whole Financial Accounting are a total accounting care facility as a whole, where reflect the income statement and balance sheet in the financial accounting for the result of the business and financial position of the facility as a whole
4-information provided by management accounting is less accurate than the information provided by the Financial Accounting terms of management need to be quick information that may be and therefore may sacrifice some accuracy in order to get the information as quickly as required and this does not mean that management accounting provides inaccurate information also does not mean that the information Financial accounting is absolutely accurate, but it can be said that the accounting and financial information more accurate5. compulsory financial accounting in accordance with the legislation in most countries of the world and for the purposes of taxation and the provision of information to third parties under the management accounting is optional depending on the administrative awareness of the importance and value of the information provided by the management accounting system as an aid for the purposes of planning, control and decision-making
6-The preparation of financial accounting reports often for financial year although it may prepare reports on a quarterly basis, however, management accounting reports are for shorter periods were longer monthly, weekly or daily, for example, performance reporting responsibilities accounting system often The monthly7. considered appropriate information for the purpose for which they were prepared for it of key importance in management accounting, while considered objective considerations of secondary importance, while in financial accounting objectivity is key considerations are considered appropriate considerations as secondary8-information provided by management accounting, which is the way and not an end that the goal of management accounting information is the planning and control purposes, while financial accounting service aims to produce financial statements for external parties and the service as soon as preparation of these consolidated financial accounting role ends