TEST BANK
Managerial Accounting: The Cornerstone of
ST
Business Decision Making
Bateman, Thomas S., Snell, Scott A.
UV
────────────────────────────────────────────────────
9th Edition
IA
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AP
TEST BANK
PR
OV
ED
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, Test Bank
Managerial Accounting: The Cornerstone of Business Decision-Making
Maryanne Mowen · Don Hansen · Dan Heitger
9TH EDITION
ST
TABLE OF CONTENTS
PART ONE — FOUNDATIONS OF MANAGERIAL ACCOUNTING
UV
Ch. 01 Introduction to Managerial Accounting
Ch. 02 Basic Managerial Accounting Concepts
Ch. 03 Cost Behavior and Forecasting
IA
PART TWO — PRODUCT AND SERVICE COSTING
Ch. 04 Job-Order Costing and Overhead Application
Ch. 05 Activity-Based Costing and Management
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Ch. 06 Process Costing
PART THREE — PLANNING AND DECISION MAKING
AP
Ch. 07 Cost-Volume-Profit Analysis
Integrative Mini-Case: Making the Connection (Chapters 2, 3, and 7)
Ch. 08 Tactical Decision-Making and Relevant Analysis
Ch. 09 Profit Planning and Flexible Budgets
PR
Ch. 10 Standard Costing and Variance Analysis
Integrative Mini-Case: Making the Connection (Chapters 2, 3, 5, 9, and 10)
PART FOUR — PERFORMANCE EVALUATION AND INVESTMENT DECISIONS
OV
Ch. 11 Performance Evaluation and Decentralization
Ch. 12 Capital Investment Decisions
Integrative Mini-Case: Making the Connection (Chapters 3, 5, 8, and 12)
PART FIVE — EMERGING TOPICS AND FINANCIAL REPORTING
ED
Ch. 13 Emerging Topics in Managerial Accounting
Ch. 14 Statement of Cash Flows
Ch. 15 Financial Statement Analysis
??
, ©. Langfield Smith, Management Accounting, 9e Chapter 01 Testbank
Chapter 01 Testbank
1.W hat type of accounting system is part of an organisation's management information
ST
system for internal use only?
A. Financial accounting
B. Management accounting
UV
C.G overnmental accounting
D. All of the given answers
2.W hich of the following statement/s about management accounting is/are true?
i. It is a part of an organisation's management information system.
IA
ii. It is relied on by managers to plan and control an organisation's operations.
iii. It is relied on by external users to make investment decisions.
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A. i and ii
B. i, ii and iii
AP
C. iii
D. ii
3. Which of the following statement/s about management accounting is/are true?
PR
i. It is concerned only with information obtained from the accounting records.
ii. It is concerned with financial and non-financial information.
iii. It can provide information useful for making decisions.
OV
A. i
B. i and ii
C. ii and iii
D. ii
ED
4. A strategy is:
i. another name for a long-term objective.
ii. the same as an objective.
??
iii. a means by which an organisation plans to meet its mission and achieve its objectives.
, ©. Langfield Smith, Management Accounting, 9e Chapter 01 Testbank
A. i
B. ii
C.i ii
ST
D. i and ii
5.W hich of the following is not an objective of management accounting?
A. Providing information for making decisions
UV
B. Providing information for planning
C.P roviding information for control
D. Providing information for profit and loss statements
6.P lanning is:
IA
A. comparing actual performance against targets.
B. setting objectives and formulating plans for future operations.
C.m easuring the performance of managers against preset targets.
?_
D. motivating managers towards achieving organisational goals.
7.' Control' involves:
A. formulating details of operations and finances for the next financial year.
AP
B. comparing actual performance against targets.
C.d eciding whether to expand activities.
D. All of the given answers
8.P art of the planning process involves:
PR
A. formulating details of operations and finances for the next financial year.
B. comparing actual performance against targets.
C.m aking a choice between available alternatives.
D. measuring the performance of managers against preset targets.
OV
9.T he role of management accounting is to:
A. provide information to parties outside the organisation.
B. provide information to managers within the organisation.
ED
C.p rovide information to government agencies.
D. All of the given answers
10. Budgeting can be used in an organisation to:
A. motivate managers to achieve organisational goals.
??
B. control operations.
C.p rovide managers with information for making decisions and planning.
D. All of the given answers
Managerial Accounting: The Cornerstone of
ST
Business Decision Making
Bateman, Thomas S., Snell, Scott A.
UV
────────────────────────────────────────────────────
9th Edition
IA
?_
AP
TEST BANK
PR
OV
ED
??
, Test Bank
Managerial Accounting: The Cornerstone of Business Decision-Making
Maryanne Mowen · Don Hansen · Dan Heitger
9TH EDITION
ST
TABLE OF CONTENTS
PART ONE — FOUNDATIONS OF MANAGERIAL ACCOUNTING
UV
Ch. 01 Introduction to Managerial Accounting
Ch. 02 Basic Managerial Accounting Concepts
Ch. 03 Cost Behavior and Forecasting
IA
PART TWO — PRODUCT AND SERVICE COSTING
Ch. 04 Job-Order Costing and Overhead Application
Ch. 05 Activity-Based Costing and Management
?_
Ch. 06 Process Costing
PART THREE — PLANNING AND DECISION MAKING
AP
Ch. 07 Cost-Volume-Profit Analysis
Integrative Mini-Case: Making the Connection (Chapters 2, 3, and 7)
Ch. 08 Tactical Decision-Making and Relevant Analysis
Ch. 09 Profit Planning and Flexible Budgets
PR
Ch. 10 Standard Costing and Variance Analysis
Integrative Mini-Case: Making the Connection (Chapters 2, 3, 5, 9, and 10)
PART FOUR — PERFORMANCE EVALUATION AND INVESTMENT DECISIONS
OV
Ch. 11 Performance Evaluation and Decentralization
Ch. 12 Capital Investment Decisions
Integrative Mini-Case: Making the Connection (Chapters 3, 5, 8, and 12)
PART FIVE — EMERGING TOPICS AND FINANCIAL REPORTING
ED
Ch. 13 Emerging Topics in Managerial Accounting
Ch. 14 Statement of Cash Flows
Ch. 15 Financial Statement Analysis
??
, ©. Langfield Smith, Management Accounting, 9e Chapter 01 Testbank
Chapter 01 Testbank
1.W hat type of accounting system is part of an organisation's management information
ST
system for internal use only?
A. Financial accounting
B. Management accounting
UV
C.G overnmental accounting
D. All of the given answers
2.W hich of the following statement/s about management accounting is/are true?
i. It is a part of an organisation's management information system.
IA
ii. It is relied on by managers to plan and control an organisation's operations.
iii. It is relied on by external users to make investment decisions.
?_
A. i and ii
B. i, ii and iii
AP
C. iii
D. ii
3. Which of the following statement/s about management accounting is/are true?
PR
i. It is concerned only with information obtained from the accounting records.
ii. It is concerned with financial and non-financial information.
iii. It can provide information useful for making decisions.
OV
A. i
B. i and ii
C. ii and iii
D. ii
ED
4. A strategy is:
i. another name for a long-term objective.
ii. the same as an objective.
??
iii. a means by which an organisation plans to meet its mission and achieve its objectives.
, ©. Langfield Smith, Management Accounting, 9e Chapter 01 Testbank
A. i
B. ii
C.i ii
ST
D. i and ii
5.W hich of the following is not an objective of management accounting?
A. Providing information for making decisions
UV
B. Providing information for planning
C.P roviding information for control
D. Providing information for profit and loss statements
6.P lanning is:
IA
A. comparing actual performance against targets.
B. setting objectives and formulating plans for future operations.
C.m easuring the performance of managers against preset targets.
?_
D. motivating managers towards achieving organisational goals.
7.' Control' involves:
A. formulating details of operations and finances for the next financial year.
AP
B. comparing actual performance against targets.
C.d eciding whether to expand activities.
D. All of the given answers
8.P art of the planning process involves:
PR
A. formulating details of operations and finances for the next financial year.
B. comparing actual performance against targets.
C.m aking a choice between available alternatives.
D. measuring the performance of managers against preset targets.
OV
9.T he role of management accounting is to:
A. provide information to parties outside the organisation.
B. provide information to managers within the organisation.
ED
C.p rovide information to government agencies.
D. All of the given answers
10. Budgeting can be used in an organisation to:
A. motivate managers to achieve organisational goals.
??
B. control operations.
C.p rovide managers with information for making decisions and planning.
D. All of the given answers
