TEST BANK for Introduction to Management Accounting, 17th Edition (Global Edition) by Horngren, Sundem, Stratton, Burgstahler & Schatzberg () - Verified Complete Chapters 1-17 | 531 Pages | A+ Guide

TestjBankjforjIntroductionjtojManagementjAccounting,

17thjGlobaljEditionjbyjCharlesjHorngren,jGaryjL.jSundem,j


jj Williamj O.jStratton,jDavejBurgstahler,jJeffjO.jSchatzberg

,IntroductionjtojManagementjAccounting,j17ej(Horngren)

Chapterj1j ManagerialjAccounting,jthejBusiness

Organization,jandjProfessionaljEthics

1.1 Questions

1) Whichj credentialj isj associatedj withj managementj accountants?
A) CPA
B) CMA
C) CFP
D) IMAj An
swer:j Bj D
iff:j1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

2) ThejlargestjU.S.jassociationjofjprofessionaljaccountantsjwhosejmajorjinterestjisjmanagementj
accountingjisjthe .
A) AmericanjInstitutejofjCertifiedjPublicjAccountants
B) AmericanjInstitutejofjCertifiedjManagementjAccountants
C) InstitutejofjManagementjAccountants
D) AmericanjInstitutejofjManagementjAccountants
j Answer:j C
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

3) j isjthejfieldjthatjproducesjinformationjusedjprimarilyjbyjmanagersjwithinjanjorganization.
A) Financialjaccounting
B) Managementjaccounting
C) Internalj auditing
D) Externaljauditing
j Answer:j B
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

,4) Thejprimaryjusersjofjmanagementjaccountingjinformationjare .
A) bankers
B) governmentalj regulatoryj bodies
C) managersjinjorganizations
D) managerialjaccountants
j Answer:jj C
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

5) j
isjthejfieldjofjaccountingjthatjdevelopsjinformationjforjexternaljpartiesjsuchjasjstockholders,j suppliers
,jbanksjandjgovernmentaljregulatoryjbodies.
A) Auditing
B) Internalj auditing
C) Managementjaccounting
D) Financialjaccounting
j Answer:j D
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

6) WhichjofjthejfollowingjstatementsjaboutjmanagementjaccountingjisjFALSE?
A) Managementjaccountingjisjthejprocessjofjidentifying,jmeasuring,jaccumulating,janalyzing,jpreparing,
j interpretingjandjcommunicatingjinformation.
B) Managementjaccountingjhelpsjmanagersjfulfilljorganizationaljobjectives.
C) Managementjaccountingjisjusedjbyjmanagerialjaccountantsjtojmakejstrategicjandjoperational
j decisions.
D) Managementjaccountingjproducesjinformationjforjmanagersjinjanjorganization.j
Answer:j C
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

, 7) Whenjcomparingjmanagementjaccountingjandjfinancialjaccounting,jwhichjofjthejfollowingjstatements
j isjFALSE?
A) Managementj accountingj hasj aj futurej orientationj whereasj financialj accountingj hasj aj pastj orientation.
B) Managementjaccountingjpreparesjdetailedjreportsjwhereasjfinancialjaccountingjpreparesjsummaryj
reports.
C) ManagementjaccountantsjarejconstrainedjbyjthejprinciplesjofjreportingjpromulgatedjbyjthejInstitutej
ofjManagementjAccountantsjwhereasjfinancialjaccountantsjarejconstrainedjbyjGenerallyjAcceptedj Acc
ountingjPrinciples.
D) Behavioraljconsiderationsjarejofjprimaryjimportancejinjmanagementjaccounting,jbutjnotjinjfinancial
j accounting.
Answer:j Cj D
iff:j1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

8) GenerallyjAcceptedjAccountingjPrinciplesjarejmostjcloselyjconnectedjto .
A) managementj accounting
B) financialjaccounting
C) internaljauditing
D) managementjauditing
j Answer:j B
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization

9) Whoj providesj assurancej toj externalj usersj aboutj thej reliabilityj ofj aj company'sj financialj statements?
A) CertifiedjManagementjAccountantsjandjCertifiedjPublicjAccountants
B) CharteredjManagementjAccountantsjandjCertifiedjManagementjAccountants
C) CertifiedjPublicjAccountantsjandjCharteredjManagementjAccountants
D) CertifiedjPublicjAccountantsjandjCharteredjAccountants
j Answer:j D
Diff:j 1
LO:jj 1-1
AACSB:jj Reflectivejthinkingj skills
LearningjOutcome:j Describejthejbasicsjofjmanagerialjaccountingjandjitsjfunctionjwithinjanjorganization