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
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