TEST BANK
Financial & Managerial Accounting, 17th Edition
by Warren, Jones & Tayler
AM
AZ
IN
G
TI
PS
A
,Table of Contents
Test Bank for Financial & Managerial
Accounting, 17th Edition
AM
Warren, Jones & Tayler — Chapters 1–28
Part I: Financial Accounting Fundamentals
AZ
Chapter 1 — Introduction to Accounting and Business
Chapter 2 — Analyzing Transactions
Chapter 3 — The Adjusting Process
IN
Chapter 4 — Completing the Accounting Cycle
Chapter 5 — Accounting for Merchandising Businesses
G
Chapter 6 — Inventories
TI
Chapter 7 — Internal Control and Cash
Chapter 8 — Receivables
PS
Chapter 9 — Plant Assets, Natural Resources, and Intangible Assets
Chapter 10 — Liabilities
Chapter 11 — Corporations: Organization, Stock Transactions, and Dividends
Chapter 12 — Long-Term Liabilities
Chapter 13 — Investments and International Operations
Chapter 14 — Statement of Cash Flows
Chapter 15 — Financial Statement Analysis
,Part II: Managerial Accounting
Chapter 16 — Managerial Accounting Concepts and Principles
Chapter 17 — Job Order Costing
Chapter 18 — Process Cost Systems
Chapter 19 — Activity-Based Costing
Chapter 20 — Cost Behavior and Cost-Volume-Profit Analysis
AM
Chapter 21 — Variable Costing for Management Analysis
Chapter 22 — Budgeting
Chapter 23 — Performance Evaluation Using Variances
AZ
Chapter 24 — Differential Analysis and Product Pricing
Chapter 25 — Capital Investment Analysis
IN
Chapter 26 — Responsibility Accounting
Chapter 27 — Segment Analysis and Decentralization
G
Chapter 28 — Managerial Accounting for Quality and Sustainability
TI
PS
, classmerit.com — The Marketplace to Buy and Sell Study Materials
Name: Class: Date:
Chapter 01: Introduction to Accounting and Business
True / False
1. The role of accounting is to provide many different users with financial information to assess the economic
performance of a business.
a. True
b. False
ANSWER: True
2. Investing activities are those activities by which the company obtains funds to start and operate the business.
a. True
b. False
AM
ANSWER: False
3. Managerial accounting information is used by external and internal users equally.
a. True
b. False
AZ
ANSWER: False
4. Senior executives cannot be criminally prosecuted for the wrong-doings they commit on behalf of the companies
where they work.
a. True
IN
b. False
ANSWER: False
G
5. Financial accounting provides information to all users, while the main focus for managerial accounting is to provide
information to management.
a. True
TI
b. False
ANSWER: True
6. Proper ethical conduct implies that you only consider what's in your best interest.
PS
a. True
b. False
ANSWER: False
7. Some of the major fraudulent acts by senior executives started as what they considered to be small ethical lapses
that grew out of control.
a. True
b. False
ANSWER: True
Financial & Managerial Accounting, 17th Edition
by Warren, Jones & Tayler
AM
AZ
IN
G
TI
PS
A
,Table of Contents
Test Bank for Financial & Managerial
Accounting, 17th Edition
AM
Warren, Jones & Tayler — Chapters 1–28
Part I: Financial Accounting Fundamentals
AZ
Chapter 1 — Introduction to Accounting and Business
Chapter 2 — Analyzing Transactions
Chapter 3 — The Adjusting Process
IN
Chapter 4 — Completing the Accounting Cycle
Chapter 5 — Accounting for Merchandising Businesses
G
Chapter 6 — Inventories
TI
Chapter 7 — Internal Control and Cash
Chapter 8 — Receivables
PS
Chapter 9 — Plant Assets, Natural Resources, and Intangible Assets
Chapter 10 — Liabilities
Chapter 11 — Corporations: Organization, Stock Transactions, and Dividends
Chapter 12 — Long-Term Liabilities
Chapter 13 — Investments and International Operations
Chapter 14 — Statement of Cash Flows
Chapter 15 — Financial Statement Analysis
,Part II: Managerial Accounting
Chapter 16 — Managerial Accounting Concepts and Principles
Chapter 17 — Job Order Costing
Chapter 18 — Process Cost Systems
Chapter 19 — Activity-Based Costing
Chapter 20 — Cost Behavior and Cost-Volume-Profit Analysis
AM
Chapter 21 — Variable Costing for Management Analysis
Chapter 22 — Budgeting
Chapter 23 — Performance Evaluation Using Variances
AZ
Chapter 24 — Differential Analysis and Product Pricing
Chapter 25 — Capital Investment Analysis
IN
Chapter 26 — Responsibility Accounting
Chapter 27 — Segment Analysis and Decentralization
G
Chapter 28 — Managerial Accounting for Quality and Sustainability
TI
PS
, classmerit.com — The Marketplace to Buy and Sell Study Materials
Name: Class: Date:
Chapter 01: Introduction to Accounting and Business
True / False
1. The role of accounting is to provide many different users with financial information to assess the economic
performance of a business.
a. True
b. False
ANSWER: True
2. Investing activities are those activities by which the company obtains funds to start and operate the business.
a. True
b. False
AM
ANSWER: False
3. Managerial accounting information is used by external and internal users equally.
a. True
b. False
AZ
ANSWER: False
4. Senior executives cannot be criminally prosecuted for the wrong-doings they commit on behalf of the companies
where they work.
a. True
IN
b. False
ANSWER: False
G
5. Financial accounting provides information to all users, while the main focus for managerial accounting is to provide
information to management.
a. True
TI
b. False
ANSWER: True
6. Proper ethical conduct implies that you only consider what's in your best interest.
PS
a. True
b. False
ANSWER: False
7. Some of the major fraudulent acts by senior executives started as what they considered to be small ethical lapses
that grew out of control.
a. True
b. False
ANSWER: True
