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1.4 Which of the following stastements is/are correct ? 1 A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management. 2 An objectives is a course of action that an organisation might pursue in order to achieve its strategy. 3 Informaton is data that has been processed into a form meaningful to the recipient.
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1.3 Which of the following stastements about management accounting information is/are true? 1 They must be stated in purely monetary terms 2 Limited companies must,by law,perpar management account 3 They serve as a future planning tool and not used as an historical record
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