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Practice ACCA ACCA MA — Management Accounting Practice Exam 1Question 05

Easy2 marksMultiple Choice

Syllabus A: Nature, source and purpose of management informationQualities of InformationACCURATE

ACCA · Question 05 · Syllabus A: Nature, source and purpose of management information

Which of the following is NOT a characteristic of good management information, according to the ACCURATE acronym?

Answer options:

Accurate

Cost-beneficial

Extensive

Timely

How to approach this question

Recall the ACCURATE acronym: Accurate, Complete, Cost-beneficial, User-targeted, Relevant, Authoritative, Timely, Easy to use.

Full Answer

C.Extensive✓ Correct

The ACCURATE acronym stands for Accurate, Complete, Cost-beneficial, User-targeted, Relevant, Authoritative, Timely, and Easy to use. 'Extensive' is not part of the criteria; in fact, good information should be concise to avoid information overload.

Common mistakes

Confusing 'Complete' with 'Extensive'. Complete means nothing important is missing; extensive implies a large volume, which is often undesirable.

Question 04 All questions Question 06

Practice the full ACCA MA — Management Accounting Practice Exam 1

38 questions · hints · full answers · grading

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