22. Which of the following statements are correct?

(i) Financial Accounting is required by law
(ii) Financial Accounting includes budgeting, forecasting and decision making
(iii) Management Accounting must follow a set pattern
(iv) Management Accounting includes budgeting, forecasting and decision making

A. (i) and (iv) are correct

B. (i), (ii) and (iii) are correct

C. (i), (ii) and (iv) are correct

D. All of them are correct