Time left 1:11= Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Financial accounting needs to follow specific set of rules called...

Extracted text: Time left 1:11= Which one of the following statements is not correct regarding financial accounting and management accounting? O a. Financial accounting needs to follow specific set of rules called accounting standards unlike management accounting Ob. Management accounting reports need to be audited to verify their accuracy unlike financial accounting reports which do not need to be audited. O c. Management accounting information emphasize supporting decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of the organization. O d. Both financial accounting and management accounting involve the use of accounting information. O e. None of the given answers Which one of the following is not an example of a committed fixed cost? O a. The depreciation cost of the Headquarters offices. Ob. The property taxes of the factory plant. of Oc. None of the given answers. O d. The salary of the deputy manager of customer call center. Oe. The cost of the accounting system of the company. NEXT PAGE VIOUS PAGE ACCT2121 O Origin #general-chat Spotify Free