POP QUIZ CHAPTER 4

"The application of accounting and costing principles, methods, techniques and approaches in ascertaining of costs, planning and controlling for decision making"

this statement is refer to?

• management accounting

• financial accounting

• cost accounting

• cost and management accouting

The information related with management accounting will be presented to_______.EXCEPT:

• manager

• CEO

• creditors

• officer

_____________ interested to know the financial strength of their targeted company.

• bankers

• employees

• investors

• government agencies

What is the main differences between management and financial accounting?

In decision making flow, after the alternative courses of action being identified the manager need to______________

___________ is considered to be the most significant and challenging of all managerial activities.

Below are the uses of management accounting, EXCEPT:

• Encouraging managers and other employees toward the organization’s objectives

• To assessing the overall performance

• Providing information for decision making and planning

• Assisting managers indirecting and controlling operational activities

One of the characteristics of management accounting is_________

• relevance

• reliable

• effective

• systematic

Information need to be as current as possible. This statement is refer to characteristics of____________

Provide one of the benefit of management accounting.