BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following statements best captures the comprehensive objective of management accounting in aligning with strategic business goals?
1
To minimize production costs and enhance profitability through detailed cost analysis
2
To facilitate strategic planning, decision-making, and performance evaluation to achieve long-term business objectives
3
To provide timely and relevant information for day-to-day operational decisions
4
To ensure compliance with financial reporting standards and regulatory requirements
5
To prepare financial statements that accurately reflect the organization's financial position