MAS 3301

MAS 3301

University

68 Qs

quiz-placeholder

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MAS 3301

MAS 3301

Assessment

Quiz

Other

University

Medium

Created by

Sheen Sheen

Used 5+ times

FREE Resource

68 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managerial accounting places considerable weight on

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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