1. The purpose of management accounting is to provide managers with information that will help them with their three main responsibilities of , and .

2. Cost accounting is the process of collecting, processing and presenting financial and quantitative data within an entity to ascertain the cost of .

3. Spending on fixed assets that are capitalised in the balance sheet is known as .

4. Spending that is written off to the profit and loss account in the financial period in which it is incurred is known as .

5. A unit of production for which costs are collected is known as .