Management Accounting and Financial Accounting Which one of the following is incorrect?

a. Management accounting is not as important as financial accounting for the competitive success of a company.

b. Governments do not require a company to implement a good management accounting system.

c. Management accounting systems evolve over time to adapt to the needs of a company.

d. Financial accounting provides a common reporting platform to the public.

e. A company often regards a good management accounting system as a valuable company secret.