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Managerial accounting design

  • 1. The goal of managerial accounting is to provide the information that managers need for all of the following EXCEPT:
    • A. Planning
    • B. Control
    • C. Decision Making
    • D. Review
  • 2. Managerial accounting is designed for use by:
    • A. Internal users
    • B. Stockbrokers
    • C. External users
    • D. Clients
  • 3. Which of the following are associated with Planning?Discuss
    • A. Specifies the resources needed to achieve the company goals
    • B. Communicate’s a company’s goals to employees
    • C. Evaluating managers to determine how their performance should be rewarded or punished
    • D. Evaluating operations to provide information as to whether they should be changed or not
  • 4. Which of the following are associated with Control?Discuss
    • A. Specifies the resources needed to achieve the company goals
    • B. Communicate’s a company’s goals to employees
    • C. Evaluating managers to determine how their performance should be rewarded or punished
    • D. Evaluating operations to provide information as to whether they should be changed or not
  • 5. Budgets for Planning: Which is Profit Budget?
    • A. Indicates planned income
    • B. Indicates planned cash inflows and outflows
    • C. Indicates the planned quantity of production and expected costs
  • 6. Budgets for Planning: Which is Cash Flow Budget?
    • A. Indicates planned income
    • B. Indicates planned cash inflows and outflows
    • C. Indicates the planned quantity of production and expected costs
  • 7. Budgets for Planning: Which is Production Budget?Discuss
    • A. Indicates planned income
    • B. Indicates planned cash inflows and outflows
    • C. Indicates the planned quantity of production and expected costs