Management Accounting, 6e (Atkinson et al.)
Chapter 1 How Management Accounting Information Supports Decision Making Objective 1
1) Management accounting is subject to the rules formulated by standard tters such as the Financial Accounting Standards Board (FASB).
Answer: FALSE
Explanation: Financial accounting is subject to the rules of the FASB.
Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking武博
2) Management accounting information is primarily oriented to external stakeholders, such as investors, creditors, regulators, and tax authorities.
Answer: FALSE
Explanation: Management accounting information is primarily oriented to management. Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
3) The International Accounting Standards Board ts the guidelines ud for management accounting.
Answer: FALSE
Explanation: Financial accounting must be consistent with the rules of the IASB.
Diff: 1
Terms: International Accounting Standards Board
Objective: 1
AACSB: Reflective thinking
4) A good management accounting system can become a source of competitive advantage for a company.
Answer: TRUE
Diff: 1
Terms: management accounting
王安石的古诗Objective: 1
AACSB: Reflective thinking
5) Management accounting information is sometimes predictive and forward looking. Answer: TRUE
Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
6) Management accounting has no prescribed rules about its content, how the content is to be developed, and how the content is to be prented.
Answer: TRUE
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
7) The Federal Accounting Standards Advisory Board ts cost accounting standards for all federal government activities.
Answer: TRUE
Diff: 2
引以为戒
Terms: Government Accounting Standards Board
Objective: 1
AACSB: Reflective thinking
8) Management accounting measures can provide advance warnings of problems. Answer: TRUE
Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
9) Information about customer satisfaction is an example of financial information. Answer: FALSE
Explanation: Information about customer satisfaction is an example of nonfinancial information.
Diff: 1
Terms: nonfinancial information
Objective: 1
AACSB: Reflective thinking
10) Management accounting information can be ud for all of the following EXCEPT:
A) calculate the cost of a product or rvice.
B) evaluate the performance of a company.
C) project materials needs.
D) evaluate the market price of the stock.
Answer: D
Diff: 2枯萎的拼音
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
酒后的句子说说心情11) Which of the following types of information are ud in management accounting?
A) financial information
B) nonfinancial information
C) information focud on the long term
D) All of the above are correct.
Answer: D
Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
12) Management accounting:
A) is both retrospective, providing feedback about past operations, and also prospective, incorporating forecasts and estimates about future events.
B) is primarily oriented to external stakeholders.
C) must be consistent with rules formulated by the Financial Accounting Standards Board (FASB).
D) provides information that is generally available only on a quarterly or annual basis. Answer: A
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
13) Which of the following descriptors refer to management accounting information?
A) It is only retrospective, reporting and summarizing in financial terms the results of past decisions and transactions.
B) It is driven by rules.
C) It is prepared for shareholders.
D) It is oriented to meeting the decision making needs of employees and managers inside the organization.
Answer: D
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
14) Which of the following would be considered management accounting information?
A) Budgeted production for the year 2011.
B) Budgeted Balance Sheet.
C) Analysis of trend in stock prices.
D) Both budgeted production for the year of 2011, and the budgeted balance sheet. Answer: D
Diff: 1
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
15) Management accounting information includes all of the following EXCEPT:
A) tabulated results of customer satisfaction surveys.
B) the cost of producing a product.
C) the percentage of units produced that is defective.
D) market price of the stock.
Answer: D
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
16) Management accounting reports might include information about:
A) customer complaints.
B) net income for the year on budgeted income statement.
C) total asts on budgeted balance sheet.
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D) All of the above are correct.
Answer: D
Diff: 2减肥方法瘦肚子
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
17) The person MOST likely to u management accounting information is a(n):
A) banker evaluating a credit application.
B) shareholder evaluating a stock investment.
C) governmental taxing authority.
D) asmbly department supervisor.
Answer: D
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
18) Which of the following is NOT a function of a management accounting system?
A) strategic development
B) financial reporting
C) control
D) product costing
Answer: B
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
19) Financial accounting:
A) focus on the future and includes activities such as preparing next year's operating budget.
B) does not need to comply with GAAP (generally accepted accounting principles).
C) is primarily oriented to external stakeholders, such as investors, creditors, regulators and tax authorities.
D) is prepared for the u of department heads and other employees.
Answer: C
Diff: 1
Terms: financial accounting
Objective: 1
AACSB: Reflective thinking
20) The person MOST likely to u ONLY financial accounting information is a:
A) factory shift supervisor.
B) vice president of operations.
C) current shareholder.
D) department manager.
Answer: C
Diff: 2
胎儿3个月
Terms: financial accounting
Objective: 1
AACSB: Reflective thinking
21) Historically, management accounting innovations have been developed by:
A) the International Accounting Standards Board.
B) the Cost Accounting Standards Board.
C) Academic accountants.
D) Managers.
Answer: D
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
22) In general, it was not until the 1970s that management accounting systems:
A) were improved becau of demands by the FASB and the SEC.
B) stagnated and proved inadequate.
C) started to develop innovations in costing and performance-measurement systems due to inten pressure from overas competitors.
D) started to address the decision-making needs of managers.
Answer: C
Diff: 2
Terms: management accounting
Objective: 1
AACSB: Reflective thinking
