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A.They cannot get this from the financial accounts B.The financial accounts are not detailed enough C.The financial accounts are prepared too late D.The financial accounts are prepared for each part of the organisation and the management accounts are prepared for the whole organisation.
None of the above is correct. Management Accounting System generates information tailored to the management needs, where as accounting system generates records compliant to IFRS or other standards as applicable to the locational governance.
The financial accounts are prepared too late
A.They cannot get this from the financial accounts
