Final answer:
Management accounting is false as it provides information to decision-makers inside an organization, not outside. It helps management with operational and strategic decisions, while financial accounting caters to external stakeholders.
Step-by-step explanation:
The statement is false. Management accounting is actually oriented toward providing information and support to management and other decision-makers inside the organization. Its purpose is to help them make informed decisions regarding the company's operations and strategy by tracking and reporting financial information related to a company's costs, efficiency, and performance. In contrast, financial accounting is designed to meet the needs of decision makers outside the business organization such as investors, creditors, and regulatory agencies, by providing standardized financial statements.