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Which of the following is not true about management accounting? 2 points Reports are prepared as frequently as needed. Is used by internal managers and officers. Limited to double entry accounting system and cost data. Contents of the reports are very detailed. The performance of a profit center is measured on the basis of: 2 points Quantity and Quality of service. Return on Assets. Residual Income. None of the above. Which of the following is not a benefit of budgeting? 2 points It provides a basis for evaluating performance O It prevents net losses from occurring O It coordinates activities among sub units of the organization O It enhances management responsibility It assigns decision-making responsibilities Indicate which of the following statements are more descriptive of 2 points management accounting than of financial accounting. Emphasis is on expected future results. Information is more widely distributed. Information is tailored to the needs of individual decision makers. Recognized standards are used for presentation