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    Question

    Which of the following is not an objective of management accounting?

    A Formulation of plans and policy Correct Answer Incorrect Answer
    B Assisting in decision making Correct Answer Incorrect Answer
    C Preparation of financial statements Correct Answer Incorrect Answer
    D Interpretation of financial documents Correct Answer Incorrect Answer

    Solution

    Management accounting is primarily concerned with providing information and analysis to assist in the formulation of plans and policies, assisting in decision making, and interpreting financial documents. It does not involve the direct preparation of financial statements, which is typically the responsibility of financial accounting.

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