BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following statements accurately reflects one of the main objectives of management accounting?
1
To comply with generally accepted accounting principles (GAAP)
2
To assist management in planning, decision-making, and performance evaluation
3
To ensure accurate tax reporting and compliance
4
To audit financial transactions for external reporting
5
To prepare financial statements for public disclosure