Managerial Accounting BUNDLED Exam questions and answers 100% verified

Cash Inflows - correct answer Activities which increase cash Cash Outflows - correct answer Activities which decrease cash Operating Activities - correct answer Is the result of everything you do in the Day to Day Operations, includes current assets and liabilities Investing Activities - co...

Balanced Scorecard - correct answer an integrated set of performance measures that are derived from and support the organization's strategy Common fixed cost - correct answer a fixed cost that supports more than one business segment, but is not traceable in whole or in part to any one of the b...

Manufacturing overhead - correct answer all manufacturing costs except direct materials and direct labor; i.e. indirect manufacturing costs, maintenance and reparis on production equipment, property taxes, depreciation, insurance on manufacturing facilities Direct Materials - correct answer Mater...

Similarity between financial and managerial accounting? - correct answer Both draw upon data from an organization's basic accounting system. Objective of managerial accounting:Assisting in controlling and evaluating operations. Yes or no - correct answer Yes Objective of managerial accounti...

Managerial accounting is the provision of accounting for a company's external users. - correct answer False Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks or opportunities are some of the responsibilities of manag...

Which of the following management responsibilities often involves BUDGETS? a. controlling b. directing c. planning d. none of the above - correct answer c. planning Managerial accounting differs from financial accounting in that managerial accounting... a. emphasizes data relevance over da...

Balance Sheets - correct answer 1. snapshot of resources (assets) and claims (liability+equity) 2. based on accounting equation Statement of Earnings (Income Statement) - correct answer - operating performance over period of time - Revenues and expenses Statement of Cash Flows - correct ans...

Which of the following statements is not true about managerial accounting? a.Reports are generated as needed. b.It is highly aggregated. c.It does not require an audit by a CPA. d.It is primarily for internal users such as officers and managers. - correct answer b. It is highly aggregated. ...

managerial accounting - correct answer field of accounting that provides economic and financial information for managers and other internal users which type of accounting applies to all types of businesses? - correct answer managerial is financial accounting involving external or internal user...

Financial Accounting - correct answer ~Reports to those outside the organization: Owners, Creditors, Regulators, & Tax authorities. ~ financial consequences of past activities. ~ objectivity and verifiability. ~ precision. ~ Companywide reports ~Must follow GAAP/FRS ~Mandatory for external rep...