Question o The following actions are associated with a firm's accounting information system. ANSWER a) Preparing a SOFP that complies with the requirement of the Companies Act. b) Determining the cost of manufacturing a new product. c) Determining the provision for bad debts in the SOFP. d) Preparing a monthly functional budget. e) Consolidating financial reports of two subsidiaries. f) Comparing the cost of making a product and cost of outsourcing the product. Classify the above actions as belonging to management accounting, cost accounting or financial accounting