Podcast
Questions and Answers
The main purpose of management accounting is to
The main purpose of management accounting is to
- Assess past performance
- Project future transactions
- Help managers make decisions (correct)
- Help investors & creditors make decisions
The person most likely to use management accounting information is a (n)
The person most likely to use management accounting information is a (n)
- Banker evaluating a credit application
- Governmental taxing authority
- Shareholder evaluating a stock investment
- Assembly department supervisor (correct)
The person most likely to use only financial accounting information is a
The person most likely to use only financial accounting information is a
- Vice president of operations
- Factory shift supervisor
- Current shareholder (correct)
- Department manager
Management accounting is similar to financial accounting in that
Management accounting is similar to financial accounting in that
Determine the TRUE statement about managerial accounting.
Determine the TRUE statement about managerial accounting.
Which is the most accurate statement?
Which is the most accurate statement?
Decision-making is required in which of the following management function(s)?
Decision-making is required in which of the following management function(s)?
The management control process contains the following four sequential steps, including
A) Measuring actual performance
B) Establishing standards of performance
C) Implementing a program of corrective action
D) Comparing actual performance with standards
What is the proper sequence of these activities?
The management control process contains the following four sequential steps, including
A) Measuring actual performance B) Establishing standards of performance C) Implementing a program of corrective action D) Comparing actual performance with standards
What is the proper sequence of these activities?
Flashcards
Capital of France (example flashcard)
Capital of France (example flashcard)
Paris
