Managerial accounting places considerable weight on

MAS 3301

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Other
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University
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Medium
Sheen Sheen
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68 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
generally accepted accounting principles
the financial history of the entity.
ensuring that all transactions are properly recorded
detailed segment reports about departments, products, and customers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The plans of management are often expressed formally in:
financial statements
performance reports
budgets
ledgers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The phase of accounting concerned with providing information to managersfor use in planning and controlling operations and in decision making iscalled
throughput time
managerial accounting
financial accounting
controlling
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Obtaining feedback is generally identified most directly with the management function of
Planning
Directing and motivating
Controlling
Decision making
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following characterizes management accounting?
I. Uses heavily of historical data.
III. Preparation of user-specific reports
II. Used for internal decision making.
IV. Aggregated reports
I and II
II and III
I and IV
II, III and IV
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statement is FALSE?
Managerial accounting need not mostly conform to PFRS
Financial accounting reports focus on subunits of the organization.
Managerial accounting is not required
Managerial accounting focuses on the needs of internal users
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following is not a function of a controller, except
I. Investor relations
II. Credit and collection
I only
II only
Both I and II
Neither I nor II
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