Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134067254
Author: Braun
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 1.20BE
Identify users of accounting information (Learning Objective 3)
For each of the following users of financial accounting information and
- 1. Internal auditor
- 2. Potential shareholders
- 3. Loan officer at the company’s bank
- 4. Manager of the Sales Department
- 5. Bookkeeping Department
- 6. Managers at regional offices
- 7. IRS agent
- 8. Current shareholders
- 9. Wall Street analyst
- 10. News reporter
- 11. Company controller
- 12. Board of directors
- 13. SEC employee
- 14. External auditor (public accounting firm)
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Chapter 1 Solutions
Managerial Accounting (5th Edition)
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...
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- The person MOST likely to use management accounting information is a: Select one: O a. banker evaluating a credit application. Ob. shareholder evaluating a stock investment. Oc assembly department supervisor. Od. governmental taxing authority.arrow_forwardS1-2 Contrast managerial and financial accounting (Learning Objective 2) Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics relates to managerial accounting or financial accounting. 2-12 a. Reports are usually prepared quarterly and annually. b. Information is verified by external auditors. Focus is on the past. C. d. Main characteristic of information is that it must be relevant. e. Reports tend to be prepared for the parts of the organization rather than the whole organization. ornal (i o company managers)arrow_forwardPlease 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_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_forwardManagement accounting has the following features: Select one: O A. Future orientated focus O B. Stewardship orientation focus O C. Focus on detailed annual reports O D. Focus on decision-making needs of shareholdersarrow_forwardUnderstand the intentions of accounting students on career as professional accountant .arrow_forward
- 5. Match the terms with their appropriate descriptions: Group choices: a. Certified Public Accountant b. Just-in-time manufacturing c. Certified Management Accountant d. Continuous improvements e. Certified Internal Auditor f. Certified Government Audition Professional g. Certified financial Analyst h. Total quality management i. Lean six sigma j. Certified Fraud Examiner Specialist in corporate accounting management; favors financial analytics, budgeting, and strategic domains? Considered the top tier in accounting certifications; must pass a four-part exam, with education and work experience requirements? Designation that is exclusively for auditors of the public sector? Credential for auditors who work within organizations and is one of a few that is accepted worldwide? Certification for those with a career in finance and investment areas? Designation that proves proficiency in fraud prevention, detection, and deterrence? The focus is on quality throughout the entire…arrow_forwardSample 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…arrow_forwardAssurne you are appointed as a management accountant in Salzer company, as an management accountant needs to perform various functions to help various levels of management to improve the performance of the company. Analyse your the role which you have to play in improving the performance company? a. Conducting shareholders meeting b. Facilitate the decision-making process within an organization C. Make the key decisions within an organization d. Prepare the financial statements for an organizationarrow_forward
- Managerial accounting information is generally prepared for a. stockholders. b. creditors. 8. C. managers. d. regulatory agencies.arrow_forwardUse examples of managerial accounting that would impact an accountant's career in banking.arrow_forwardWhich of the following groups would have access to managerial accounting information? bankers investors competitors of the business managersarrow_forward
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