Horngren's Cost Accounting, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134476032
Author: Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 1, Problem 1.11Q
To determine
Management accounting measures, analyzes, and reports both financial and non-financial information. Such information helps managers to take effective decisions in order to attain the objectives of an organization. They not only help in planning the various activities of the organization but also in evaluating performance and taking corrective measures when there is a deviation from the charted path.
To ascertain: Whether it is true that knowledge of technical issues such as computer technology is a necessary but not sufficient condition to becoming a successful management accountant.
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“Aids in the decision making to help an organization meet its goals.” Is it not a primary function of the management accountant?
Which of the following skills/attributes is not a primary skill for accountants to possess?
written communication
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analytical thinking
extensive computer programing background
How might the job of an accountant be redesigned to make it more motivating?
Chapter 1 Solutions
Horngren's Cost Accounting, Student Value Edition (16th Edition)
Ch. 1 - How does management accounting differ from...Ch. 1 - Management accounting should not fit the...Ch. 1 - How can a management accountant help formulate...Ch. 1 - Describe the business functions in the value...Ch. 1 - Explain the term supply chain and its importance...Ch. 1 - Management accounting deals only with costs. Do...Ch. 1 - How can management accountants help improve...Ch. 1 - Prob. 1.8QCh. 1 - Prob. 1.9QCh. 1 - What three guidelines help management accountants...
Ch. 1 - Prob. 1.11QCh. 1 - Prob. 1.12QCh. 1 - Prob. 1.13QCh. 1 - Prob. 1.14QCh. 1 - Prob. 1.15QCh. 1 - Which of the following is not a primary function...Ch. 1 - Value chain and classification of costs, computer...Ch. 1 - Prob. 1.18ECh. 1 - Value chain and classification of costs, fast-food...Ch. 1 - Key success factors. Dominion Consulting has...Ch. 1 - Key success factors. Vargas Construction Company...Ch. 1 - Planning and control decisions. Gregor Company...Ch. 1 - Planning and control decisions. Gavin Adams is the...Ch. 1 - Prob. 1.24ECh. 1 - Five-step decision-making process, service firm....Ch. 1 - Professional ethics and reporting division...Ch. 1 - Professional ethics and reporting division...Ch. 1 - Planning and control decisions, Internet company....Ch. 1 - Prob. 1.29PCh. 1 - Prob. 1.30PCh. 1 - Management accounting guidelines. For each of the...Ch. 1 - Prob. 1.32PCh. 1 - Prob. 1.33PCh. 1 - Budgeting, ethics, pharmaceutical company. Chris...Ch. 1 - Professional ethics and end-of-year actions. Linda...Ch. 1 - Professional ethics and end-of-year actions....Ch. 1 - Ethical challenges, global company environmental...
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- Which of the following skills/attributes is not a primary skill for accountants to possess? A. written communication B. verbal communication C. ability to work independently D. analytical thinking E. extensive computer programing backgroundarrow_forwardWhat is business ethics? Is it possible to teach ethical behavior in a management accounting course?arrow_forwardWhy do accountants have to be ethical in their duties and responsibilities?arrow_forward
- Which of the following is NOT a technical competency that a managerial accountant needs to possess? Question 6 options: Technology Tax return preparation Decision Analysis Internal Controlsarrow_forwardWhich of the following skills/attributes is not a primary skill for accountants to possess? A. written communication B. extensive computer programming background C. Verbal communication D. ability to work independentlyarrow_forwardTHEORY PROBLEM Explain why accounting students should study Accounting Information Systems? Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain. Briefly describe the types of users of the SIA and what are the benefits of the output of the AIS for their work or profession? One of the characteristics of useful information is that it must be timelines and complete. Which is more important, timely but incomplete information, or complete information, but too late? Give an example! Briefly describe the purpose of internal control and provide an example of an internal control application for that purpose!arrow_forward
- What guidelines do management accountantsuse?arrow_forwardis there an ethical issue that must be considered between the financial advisor and the client in regard to a knowledge gap?arrow_forwardWhy do you think it is important for a management accountant to be able to complete an evaluationof the firm that is separate from an evaluation of individual managers?arrow_forward
- Since information systems often involve advanced technologies that are beyond the knowledge level of typical users, should users play an active role in the SDLC? If so, how should they be involved? How can the accountant be involved?arrow_forwardIn your own words what is management accounting? In your own words what the importance of management accounting?arrow_forwardWhat guidelines do management accountants use?arrow_forward
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