|
Management accounting
Cost accounting is about manufacturing and sales costs. But what exactly is management accounting?
Which of the following are true statements?
The directors of a company are meeting to discuss the future direction of the company and the budgeting process. Who do you think says the sentences below? Match the director to the sentences.
1 'Consumers simply don't have the confidence to spend their money on fancy new products.'
2 'We've been working really hard to come up with some great ideas, ...'
3 'Our investment programme has been ready to go for months.'
4 'Everybody's forecasts seem to indicate hard times ahead.'
5 'I'd like to move to the next item on the agenda'
Consumers simply don't have the___________2 to spend their money on fancy new products. And as for expansion, I think the good old days are long gone. We should be___________3
Beatrice Sally, how do you feel about all this?
Sally We're talking about budgets for the upcoming year. Everybody's ___________4 seem to indicate___________5 times ahead. And we don't even have the money to spend. How are we going to___________6 more debt, or___________7 more cash in the capital markets?
Beatrice So despite our great ideas and investment plans, it seems the reality is that our budgets for this year will have to be___________8.
Source: "English for Accounting" (from Unit 5) by E. Frendo, S. Mahoney
| 
