Management accounting:

A) must comply with Australian accounting standards.
B) focuses primarily on the needs of managers internal to the organisation.
C) provides information for parties external to the organisation.
D) involves reports focusing on the enterprise in its entirety.

Australian Accounting Standards

The principles and rules governing financial reporting and accounting practices in Australia.

Internal Managers

Individuals within an organization responsible for directing and overseeing the operations and strategies of specific departments or the entire business.

External Parties

Individuals or organizations outside of a company who have an interest or stake in the business's performance, including suppliers, customers, regulators, and the general public.