a) What is the importance of the contribution margin approach in preparing the income statement as compared to the conventional approach to do so?

(5 marks)

b) The use of Artificial Intelligence (AI) within the decision making processes has been established as part of Management Accounting practices. In your opinion, provide justifications and examples of the use of AI within management accounting topics that you have covered so far.

(5 marks)

Hint: Your answer should be related to management decision making processes