General Accounting: How does causal analysis enhance variance investigation? [5 PTS] a) Standard variances need no investigation b) Surface differences explain everything c) Root cause identification guides corrective actions d) Analysis wastes resources

5 PTS

Which of the following methods of cost estimation relies on only two data points? A. the high-low method B. account analysis C. least-squares regression D. SWOT analysis.

What does the concept of ‘management by exception’ mean and what factors are considered when assessing the significance of a variance?

Q.Why might an analyst examining variances in the production area look beyond that business function for explanations of those variances?

What is the underlying cause of ranking conflicts between NPV and IRR?

During the control function, the measurements taken of the performance must be accurate enough to see _______________________________. only positive results deviations and variances the primary focus only the negative results

During the control function, the measurements taken of the performance must be accurate enough to see ________.A. only positive resultsB. deviations and variancesC. the primary focusD. only the negative results

What would the effect of the failure in the ratio measurement?

Which of the following statements is false regarding planning analytical procedures in the revenue cycle? a. As revenue is typically regarded as a high-risk account, planning analytical procedures related to revenue are not required. b. The first step in planning analytical procedures includes developing an expectation of recorded amounts or ratios, and evaluating whether that expectation is precise enough to accomplish the relevant objective. c. Trend analysis would not be appropriate as a plan-fling analytical procedure in the revenue cycle. d. All of the above statements are false.