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The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’ 
  • a)
    Ango-American Council on Productivity 
  • b)
    AICPA
  • c)
    Robert N. Anthony
  • d)
    All of the above
Correct answer is option 'A'. Can you explain this answer?
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The definition ‘Management Accounting is the presentation of acc...
Management Accounting
There is no unanimity among the management accountants to define this subject. There are various definitions on the concept given by different experts. Some of them are: 

“Any form of accounting which enables a business to be conducted more efficiently can be regarded as Management Accounting” – The Institute of Chartered Accountants of England and Wales. 

Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and in the day-to-day operations of an undertaking” – The Anglo American Council on Productivity Report. 

“Management Accounting includes the methods and concepts necessary for effective planning, for choosing among alternative business performances” – The American Accounting Association. 
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The definition ‘Management Accounting is the presentation of acc...
Of "definition" is a statement or description that explains the meaning of a word or phrase. It is an explanation of the essential nature or characteristics of something. A definition can be found in a dictionary or created by an individual to clarify the meaning of a term.
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The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’a)Ango-American Council on Productivityb)AICPAc)Robert N. Anthonyd)All of the aboveCorrect answer is option 'A'. Can you explain this answer?
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