Managerial accounting Exam 1 - chapter
1 questions and answers
, financial accounting - information on a companys past performance is
provided to external parties by
(Man or Fin?)
Managerial accounting - systems are chosen by comparing the costs versus
the benefits of the system and are not restricted by GAAP
(Man or fin?)
Managerial Accounting - systems report on various segments or business
units of the company
(Man or Fin?)
Financial accounting develops reports for external parties such as
and -
creditors and shareholders
controlling - when managers evaluate the companys performance
compared to the plan, they are performing the role of management
Financial accounting - CPAs audit the statements of public companies
planning - choosing goals and the means to achieve them is the
function
of management
managers - decision makers inside a company are the
reporter from the wall street journal - financial accounting info
regional division managers - managerial accounting info
potential investorss - financial accounting info
bookkeeping department - financial info
manager of the service dept - managerial info
wall street analyst - fin info
division controller - both fin/ man
state tax agency auditor - fin info
external auditor - fin info
loan officer at the companys bank - fin info
board of directors - both fin/man
1 questions and answers
, financial accounting - information on a companys past performance is
provided to external parties by
(Man or Fin?)
Managerial accounting - systems are chosen by comparing the costs versus
the benefits of the system and are not restricted by GAAP
(Man or fin?)
Managerial Accounting - systems report on various segments or business
units of the company
(Man or Fin?)
Financial accounting develops reports for external parties such as
and -
creditors and shareholders
controlling - when managers evaluate the companys performance
compared to the plan, they are performing the role of management
Financial accounting - CPAs audit the statements of public companies
planning - choosing goals and the means to achieve them is the
function
of management
managers - decision makers inside a company are the
reporter from the wall street journal - financial accounting info
regional division managers - managerial accounting info
potential investorss - financial accounting info
bookkeeping department - financial info
manager of the service dept - managerial info
wall street analyst - fin info
division controller - both fin/ man
state tax agency auditor - fin info
external auditor - fin info
loan officer at the companys bank - fin info
board of directors - both fin/man
