Question 25 Which one of the following statements is not correct regarding financial accounting and management accounting? Not yet answered Marked out of 0.50 Flag question C. a. None of the given answers b. Management accounting information emphasize supporting decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of the organization Both financial accounting and management accounting involve the use of accounting information Od Financial accounting needs to follow specific set of rules called accounting standards unlike management accounting e Management accounting reports need to be audited to verify their accuracy unlike financial accounting reports which do not need to be audited