When the budgeting process is communicated according to corporate policy, the employees involved are demonstrating a high level of: Select one: O O O O a. Integrity b. Confidentiality c. Credibility d. Competence

While the operating budgets reflect the operating activities of the company, the financial budgets reflect the financing and investing activities. Group of answer choices True False

Preparing 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 accounting

Activity-based budgeting is a system that recorded and analyses activities that lead to costs of the company. State FIVE (5) examples of suitable business using the activity-based budgeting

importance of budgeting business marketing expenses and any ethical problems

Breaking down resistance to a new strategic vision typically requires that management, on an as needed basis, Select one: O A. reiterate the company's need for the new direction, while addressing employee concerns head- on, calming fears, lifting spirits, and providing them with updates and progress reports as events unfold. O B. raise wages and salaries to win the support of company personnel for the company's new direction. O C. institute a balance scorecard to measuring company performance, with the balance including a mixture of both old and new performance measures. O D. explain all updates and merits of the company's business model to align strategy with employee concerns. O E. inform company personnel about forthcoming changes in the company's strategy.

Responsibility accounting means that a manager should be held responsible for those items in the budget which He absorbed as a result of allocation He can actually control to a significant extent His unit incurred as a committed cost All of the above Group of answer choices 1 2 3 4

Which of the following is not a benefit of budgeting?   It allows for coordination between different departments within a firm.   It compels managers to develop objectives and to plan allocating resources to achieve the objective.   It provides performance evaluation and feedback.   It reduces the need for analysis with regard to company expenses.

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…

Management accountants are generally responsible for: Select one: O A. Detailed financial planning OB. Identifying problems within the business firm by way of variances O C. Designing and modifying the business' accounting information system O D. All of the above