Question One Management accounting in profit seeking organizations may be different from that which could apply in non-profit seeking organisations. Required: -Contrast the main features of non-profit-seeking organizations with one that is profitseeking which makes management accounting in this environment different. - Discuss how management accountant may respond to the challenge of providing appropriate information in a non-profit-seeking organization.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...
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Question One

Management accounting in profit seeking organizations may be different from that which could apply in non-profit seeking organisations.

Required:

-Contrast the main features of non-profit-seeking organizations with one that is profitseeking which makes management accounting in this environment different.

- Discuss how management accountant may respond to the challenge of providing appropriate information in a non-profit-seeking organization.

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