Unit 5 Reading Activities Plus Questions

Read the following text and then complete the activities that follow.

Management Accounting

Most businesses are aware of the value of highly skilled accountants, as their knowledge can save the company money. However, a lot of companies forget that good accountants can actually help in increasing revenue and decreasing overheads as well.

Accountancy is much more than recording financial transactions in order to calculate profit or show the tax liability of a company. Management accountants actually help shape company policy and the direction that the company will take in the future.


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Quiz: Reading Questions

1. Having benchmarks assists with budgeting.
2. Management accounting will be involved in the takeover of the entity.
3. Overheads of any given time period should not show much variance.
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