The accounting manager for a local newspaper would be considered a manager, whereas the editorial director for sports would be manager. considered a a. general, functional b. middle, top c. staff, line d. senior, junior
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- Which of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managersFinancial accounting information and managerial accounting information have several distinguishing characteristics. For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F" in the space to the left of the item and indicate those characteristics which are more closely associated with managerial accounting by placing the letter "M" to the left of the item. ____ 1. General-purpose reports ____ 2. Reports are used internally ____ 3. Prepared in accordance with generally accepted accounting principles ____ 4. Special purpose reports ____ 5. Limited to historical cost data ____ 6. Reporting standard is relevance to the decision to be made ____ 7. Financial statements ____ 8. Reports generally pertain to the business as a whole ____ 9. Reports generally pertain to subunits ____ 10. Reports…The person MOST likely to use management accounting information is a: Select one: O a. banker evaluating a credit application. Ob. shareholder evaluating a stock investment. Oc assembly department supervisor. Od. governmental taxing authority.
- 1-3 For each of the following, indicate whether the employee has line (L) or staff (S) responsibility a. Production superintendent b. Cost accountant c. Market research analyst d. District sales e. Head of the legal department f. President managerAnswer all parts, they are of single question Will. Give thumbs upComparing managerial accounting and financial accounting Match the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all. a. Accounting systems that must follow GAAP b. External parties for whom financial accounting reports are prepared. c. The role managers play when they are monitoring day-to-day operations and keeping the company on track. d. Internal decision makers. e. Accounting system that provides information on a company’s past performance. f. Accounting system not restricted by GAAP. g. The management function that involves choosing goals and deciding how to achieve them.
- Select all that apply Which of the following parties would be more interested in managerial accounting data than in financial accounting data? (Check all that apply.) Multiple select question. VP of Business Planning Controller Shareholders Production ManagerWhich phrase best describes the current role of the managerial accountant? Managerial accountants prepare the financial statements for an organization. а. b. Managerial accountants facilitate the decision-making process within an organization. с. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. Managerial Accountants are solely staff advisors in an organization e.The cost management information system provides information * A. that the accountant needs to prepare the financial statements. B. that the manager needs to effectively manage the firm. C. that the manager needs to effectively manage not-for-profit organization. D. b and c.
- this is my account assignment questions please help meOrganizational charts _____. A. list the salaries of all employees B. outline the strategic goals of the organization C. show the structure of an organization D. help management measure financial performanceAn important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.