Question

which of the following is not a part of the cost accounting process?
internal accounting
cost accounting
activity - based accounting
variance reporting
question 31
measuring performance against standards is part of a control system.
true
false

Explanation:

• For the first question: Internal accounting is a broader concept and not a specific part of the cost - accounting process. Cost accounting is the main subject, activity - based accounting is a method within cost accounting, and variance reporting is a common task in cost accounting.
• For the second question: In a control system, one of the key steps is to measure performance against established standards. This helps in identifying deviations and taking corrective actions.

Answer:

• First question: Internal accounting
• Second question: True