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Discussion

Type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called

  • A.financial accounting
  • B.management accounting
  • C.cost accounting
  • D.decision accounting

Answer: B

Correct answer: management accounting

Management accounting exists to inform decisions inside the organisation, so it reports whatever helps - financial and non-financial, historical and forecast, at whatever level of detail is useful. Financial accounting reports to those outside and is bound by standards and by the requirement of comparability.

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