The primary objective of management accounting is to provide the a.shareholders with useful information for decision making b. creditors with useful information for decision making c. management with information useful for planning and control of operations d. government agencies with information for tax and other compliance purposes

Q: What responsibility would internal auditing go under? managerial accounting, tax accounting or…

A: There are different branch of accounting that help in the recording of transactions and analysis of…

Q: Who appoints the internal auditor? a. Management b. Government c. External stakeholders d. Members

A: Internal auditor performs internal audit functions.

Q: The primary responsible for the preparation of the financial statements is the: A. Internal Auditor…

A: The primary responsibility in preparation of financial statements is that of the management of the…

Q: Describe the Management’s Responsibility for Financial Statements.

A: The financial statements of the company are the responsibility of management. The financial…

Q: accounting is used by internal decision makers and accounting is used for external

A: Management accounting & Financial accounting are both branches of accounting, while the former…

Q: he GAAP hierarchy lists which source of authoritative accounting guidance as highest in priority?…

A: GAAP refers to the Generally Accepted Accounting Principles, this is classified in four level…

Q: Both the GASB and the FASB require entities to include a management discussion and analysis in the…

A: The Government Accounting Standard Board (GASB) is defined as an organization that performs the…

Q: Setting accounting standards by the private sector is

A: The common law is developed on the basis of the particular case. It represents the development of…

Q: Generally Accepted Accounting Principles

A: Generally accepted accounting principles (GAAP) seek advice from a standard set of accounting…

Q: why Chief Financial Officer must have a background on the following subjects: Financial Accounting…

A: why Chief Financial Officer must have a background on the following subjects:  Financial…

Q: Management's expert refers to an individual or organization, whose work is used by the entity to…

A: Management experts are the individuals who possess expertise other than accounting or auditing and…

Q: Who uses information from an accounting​ system?       A. ​Stockholders, investors, taxing​…

A: A set of accounting procedures and techniques is referred to as the accounting system. Its main aim…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: These 3As like Accounts, Accounting and Accountability are three different concept and it must be…

Q: Explain the concepts of fiscal and operational accountability and the basis of accounting used to…

A: Financial accountability refers to the policies adopted by a board for the attainment of their…

Q: Describe which professional organization(s) would most likely be of greatest value to you if…

A:

Q: Explain the purpose of Generally Accepted Accounting Principles (GAAP), including the organization…

A: Generally Accepted Accounting Principles:   GAAP (Generally Accepted Accounting Principles) is a…

Q: The Accounting research division of Accounting principle board (Apb) in it's research recommendation…

A: Financial statements are those statements which depicts the information related to the business over…

Q: Which of the following are characteristics of management accounting information?  a) Unregulated…

A: Answer -    The following are characteristics of management accounting information-  verifiability,…

Q: What type of organization primarily offers tax compliance auditing and consulting service A.…

A: It’s a business that provides accounting expertise, such as auditing and tax services, to…

Q: The person or class of persons from whom the professional accountant prepares the report for…

A: The responsible party refers to the individuals or group of individuals who are responsible for the…

Q: General-purpose fi nancial statements are prepared primarily for:a. internal users.b. external…

A:

Q: 1. Managerial accounting information is generally prepared for _______ a. Tax authorities b.…

A:

Q: Who is responsible for the preparation and the fair presentation of an entity's financial statements…

A: Fair Presentation of Financial statement: If the financial statements of an entity do not include…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: Accounts is the individual’s personal account, real account and nominal account which is prepared to…

Q: Management accounting focuses primarily on providing data for: Oa. internal uses by managers Ob.…

A: There are different types of accounting such as financial accounting, management accounting, cost…

Q: require independence? I. Management Consulting II. Tax Consulting III, Audit IV. Review Group…

A: The different field of study help us to gain knowledge to different areas and many fields are…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: A company’s controller is least concerned with: a. Provision of capital b. Information processing…

A: Controllers refer to a person in a company who managed the financial departments which is helpful in…

Q: The IASB has created accounting standards that are: Select one: a. Rules-based. b.…

A: IASB stands for International Accounting Standard Board.

Q: Which of the following parties is responsible for the fairness of the representations made in…

A: Financial statements are the reports prepared to help the stakeholders to analyze the financial and…

Q: Identify the different entities that makeethics rules for CPAs and public accountingfirms.

A: Ethics:     “That branch of philosophy which is the systematic study of reflective choice, of the…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: The financial accounting Standards board is responsible for

A: FASB is an independent, not for profit private organisation recognised by Securities Exchange…