EBK MANAGERIAL ACCOUNTING
5th Edition
ISBN: 8220103613811
Author: TIETZ
Publisher: PEARSON
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Chapter 1, Problem 1.19BE
To determine
To identify: Whether the skill can be classified in technical competency or non technical competency for a
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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…
Conduct research and provide an overview of what performance evaluation entails in managerial accounting.
How is performance evaluation used in managerial accounting?
Identify and explain (3) methods of performance evaluation you feel are essential in a business and why. (Provide examples)
the ability to relate to the needs of others, which is a vital characteristic of successful managers and leaders.
O a. emotional intelligence
O b. critical thinking
Oc relational franchising
Od interpersonal adaptability
De. macro-generational empathy
Chapter 1 Solutions
EBK MANAGERIAL ACCOUNTING
Ch. 1 - (Learning Objective 1) Which of the following...Ch. 1 - (Learning Objective 2) Managerial accounting...Ch. 1 - (Learning Objective 3) Which of the following...Ch. 1 - (Learning Objective 3) Of the following skills,...Ch. 1 - (Learning Objective 4) Which of the following...Ch. 1 - Prob. 6QCCh. 1 - Prob. 7QCCh. 1 - Prob. 8QCCh. 1 - (Learning Objective 5) Which of the following is...Ch. 1 - (Learning Objective 5) All of the following are...
Ch. 1 - Managers responsibilities (Learning Objective 1)...Ch. 1 - Contrast managerial and financial accounting...Ch. 1 - Prob. 1.3SECh. 1 - Prob. 1.4SECh. 1 - Prob. 1.5SECh. 1 - Prob. 1.6SECh. 1 - Violations of ethical standards (Learning...Ch. 1 - Identify current competitive tools (Learning...Ch. 1 - Identify ethical standards violated (Learning...Ch. 1 - Define key terms (Learning Objectives 1, 2, 3, 4,...Ch. 1 - Define key terms (Learning Objectives 1 2)...Ch. 1 - Prob. 1.12AECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Identify sustainability efforts as impacting...Ch. 1 - Prob. 1.18BECh. 1 - Prob. 1.19BECh. 1 - Identify users of accounting information (Learning...Ch. 1 - Classify ethical responsibilities (Learning...Ch. 1 - Equipment purchase cost-benefit analysis (Learning...Ch. 1 - Lean production cost-benefit analysis (Learning...Ch. 1 - Prob. 1.24BECh. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) Barb Perot...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-28A: revised estimates...Ch. 1 - Management processes and accounting information...Ch. 1 - Ethical dilemmas (Learning Objective 4) ETHICS...Ch. 1 - ERP cost-benefit analysis (Learning Objective 5)...Ch. 1 - Online order system cost-benefit analysis...Ch. 1 - Continuation of P1-33B: revised estimates...Ch. 1 - Discuss how managerial accounting can be used at...Ch. 1 - Discussion Questions 1. What are the three main...Ch. 1 - Prob. 1.37ACTCh. 1 - Prob. 1.38ACTCh. 1 - Ethics and casual conversations (Learning...Ch. 1 - Using managerial accounting information to manage...
Knowledge Booster
Similar questions
- Explain how managerial accountants help managers plan, control, and evaluate.arrow_forwardManagerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAParrow_forwardBriefly explain the practice of enterprise risk management and the role that can be played by managerial accountants in enterprise risk management.arrow_forward
- An effective managerial accounting system should track information about an organizations activities in which of the following areas? a. Development b. Marketing c. Production d. Design e. All of these.arrow_forwardWhen managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is ________. Group of answer choices A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting frameworkarrow_forwardPreparing 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 accountingarrow_forward
- Please describe a managerial accounting concept or topic you learned in this course. Identify the concept/topic and explain how it pertains to managerial accounting and how the concept/topic is beneficial for business owners or how it helps contribute to success.arrow_forwardAccording to the systems view, what is the primary objective of training? Select one: a. Altering the behaviour of employees to improve the company performance O b. Helping employees to improve individual performance Oc. Educating employees to increase the company performance O d. Preparing employees for a broader role to increase the company performancearrow_forwardCost & Managerial Accounting and the Business Environment in details. Identify the major differences and similarities between financial and managerial accounting in details. Understand the role of management accountants in an organization in details. Understand the basic concepts underlying Just-In-Time (JIT), Total Quality Management (TQM), Process Reengineering and the Theory of Constraints (TOC) in details. Understand the importance of upholding ethical standards in details.arrow_forward
- Determine whether the following items are objectives in the following areas: Financial, Internal Process, Customer, or Learning and GrowthNumber of counters that customers need to go to complete their transactions *a. Financialb. Customerc. Internal Processd. Learning and growtharrow_forwardPLEASE ANSWER ALL 10. Which of the following does the planning function involve?a. Analyzing financial statementsb. Setting goals and objectives for an entityc. Hiring the right people for a particular jobd. Coordinating the accounting information system 11. The ethical standards established for management accountant are in the areas ofa. Competence, licensing, reporting, and education.b. Budgeting, cost allocation, product costing, and insider trading.c. Competence, confidentiality, integrity, and objectivity.d. Disclosure, communication, decision making, and planning. 12. Management accountinga. Must follow generally accepted principles.b. Information should be developed within the same general accounting system asfinancial accounting.c. Deals primarily with the needs of parties external to the firm such as investors and creditors.d. Is just another financial term.arrow_forwardHow might the following business specialist use learning curves: Accountants, marketers, financial analyst, personnel managers and computer programmers? Your answerarrow_forward
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