Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134128528
Author: Karen W. Braun, Wendy M. Tietz
Publisher: PEARSON
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Question
Chapter 1, Problem 1.19BE
To determine
To identify: Whether the skill can be classified in technical competency or non technical competency for a
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Sample Test for Management Accounting
Multiple Choice
Identify the letter of the choice that best completes the statement
or answers the question.
1. Which phrase best describes the current role of the managerial
accountant?
a. Managerial accountants prepare the financial statements
for an organization.
b. Managerial accountants facilitate the decision-making
process within an organization.
Managerial accountants make the key decisions within
an organization.
d. Managerial accountants are primarily information
collectors.
e. Managerial Accountants are solely staff advisors in an
organization.
2. An example of qualitative data is:
a. product cost
b. customer satisfaction
c. net income
d. inventory cost
e. net worth.
3. Product and service costing information is prepared for
a. manufacturing companies with inventory.
b. merchandising companies.
c. service providers.
d. each of the other four answers..
c. manufacturing companies without inventory.
4. Manufacturing çosts typicçally consist…
the ability to relate to the needs of others, which is a vital characteristic of successful managers and leaders.
O a. emotional intelligence
O b. critical thinking
Oc relational franchising
Od interpersonal adaptability
De. macro-generational empathy
Conduct research and provide an overview of what performance evaluation entails in managerial accounting.
How is performance evaluation used in managerial accounting?
Identify and explain (3) methods of performance evaluation you feel are essential in a business and why. (Provide examples)
Chapter 1 Solutions
Managerial Accounting (5th Edition)
Ch. 1 - (Learning Objective 1) Which of the following...Ch. 1 - (Learning Objective 2) Managerial accounting...Ch. 1 - (Learning Objective 3) Which of the following...Ch. 1 - (Learning Objective 3) Of the following skills,...Ch. 1 - (Learning Objective 4) Which of the following...Ch. 1 - Prob. 6QCCh. 1 - Prob. 7QCCh. 1 - Prob. 8QCCh. 1 - (Learning Objective 5) Which of the following is...Ch. 1 - (Learning Objective 5) All of the following are...
Ch. 1 - Managers responsibilities (Learning Objective 1)...Ch. 1 - Contrast managerial and financial accounting...Ch. 1 - Prob. 1.3SECh. 1 - Prob. 1.4SECh. 1 - Prob. 1.5SECh. 1 - Prob. 1.6SECh. 1 - Violations of ethical standards (Learning...Ch. 1 - Identify current competitive tools (Learning...Ch. 1 - Identify ethical standards violated (Learning...Ch. 1 - Define key terms (Learning Objectives 1, 2, 3, 4,...Ch. 1 - Define key terms (Learning Objectives 1 2)...Ch. 1 - Prob. 1.12AECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Identify sustainability efforts as impacting...Ch. 1 - Prob. 1.18BECh. 1 - Prob. 1.19BECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Prob. 1.24BECh. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) Barb Perot...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-28A: revised estimates...Ch. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) ETHICS...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-33B: revised estimates...Ch. 1 - Discuss how managerial accounting can be used at...Ch. 1 - Discussion Questions 1. What are the three main...Ch. 1 - Prob. 1.37ACTCh. 1 - Prob. 1.38ACTCh. 1 - Ethics and casual conversations (Learning...Ch. 1 - Using managerial accounting information to manage...
Knowledge Booster
Similar questions
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- An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.arrow_forwardPlease describe a managerial accounting concept or topic you learned in this course. Identify the concept/topic and explain how it pertains to managerial accounting and how the concept/topic is beneficial for business owners or how it helps contribute to success.arrow_forwardPreparing performance reports that contain data only about items that a specific manager controls is an example of which of the following? A. Financial reporting B. Learning and innovation C. Management by exception D. Responsibility accountingarrow_forward
- Cost & Managerial Accounting and the Business Environment in details. Identify the major differences and similarities between financial and managerial accounting in details. Understand the role of management accountants in an organization in details. Understand the basic concepts underlying Just-In-Time (JIT), Total Quality Management (TQM), Process Reengineering and the Theory of Constraints (TOC) in details. Understand the importance of upholding ethical standards in details.arrow_forwardDetermine whether the following items are objectives in the following areas: Financial, Internal Process, Customer, or Learning and GrowthNumber of counters that customers need to go to complete their transactions *a. Financialb. Customerc. Internal Processd. Learning and growtharrow_forwardAccording to the systems view, what is the primary objective of training? Select one: a. Altering the behaviour of employees to improve the company performance O b. Helping employees to improve individual performance Oc. Educating employees to increase the company performance O d. Preparing employees for a broader role to increase the company performancearrow_forward
- Give true solution for general accounting questionarrow_forwardHow might the following business specialist use learning curves: Accountants, marketers, financial analyst, personnel managers and computer programmers? Your answerarrow_forwardManagement accounting's goals are to aid management in the processes of planning, controlling, and decision-making. What methods does the management accountant use to attain the aforementioned goals? And talk about it.arrow_forward
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