MANAGERIAL
ACCOUNTING
EXAM 1 WITH ALL
ANSWERS
CORRECT
Which bof bthe bfollowing bis bnot ban bobjective bof bmanagerial baccounting?
a.To bprovide binformation bfor bevaluating band bcontinuously bimproving ban
borganization's bactions
b.To bprovide binformation bfor bplanning ban borganization's baction
c.To bproduce binformation bfor bexternal busers, bincluding binvestors, bcreditors,
bcustomers, bsuppliers, band bgovernment bagencies
d.To bprovide binformation bfor beffective bdecision bmaking bby bthe bmanagement bof ba
bcompany b- bcorrect banswer-To bproduce binformation bfor bexternal busers, bincluding
binvestors, bcreditors, bcustomers, bsuppliers, band bgovernment bagencies
Which bof bthe bfollowing bstatements bis btrue bof bfinancial baccounting?
A. bFinancial baccounting bis bdirected btoward bexternal busers.
, b.Financial baccounting bis bable bto bprovide baudited, bobjective bfinancial binformation.
c.Financial baccounting bis bsubject bto bexternally bimposed brules.
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-All bof bthese bchoices bare
bcorrect.
Accountants bthat bhave ba bCertificate bin bPublic bAccounting b(CPA):
a.may bbe bheld bresponsible bto bprovide bassurance bconcerning bthe breliability bof ba
bfirm's bfinancial bstatements.
b.are bthe bonly baccountants bpermitted bto bserve bas bexternal bauditors.
c.must bpass ba bnational bexamination band bbe blicensed bby bthe bstate bin bwhich bthey
bpractice.
d.All bof bthese bstatements bare btrue. b- bcorrect banswer-All bof bthese bstatements bare
btrue.
Which bof bthe bfollowing bis ban bexample bof bthe bmanagement bactivity breferred bto bas
bplanning?
a.Tracking bthe bcost bof bemployee babsence
b.Developing ba bstrategy bfor bdisposing bof bhazardous bwaste
c.Ensuring bthat bthe bmost bcompetent bcandidates bare brecruited bby ba bcompany
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-Developing ba bstrategy bfor
bdisposing bof bhazardous bwaste
The bprimary bobjective bof bmanagerial baccounting bis:
a.to bprovide bthe bInternal bRevenue bService bwith bfinancial band bnonfinancial
binformation babout bthe btaxable bincome bof ban borganization.
b.to bproduce bfinancial binformation bthat bmust bcomply bwith bvarious baccounting
bstandards.
c.to bproduce binformation bfor bexternal busers, bincluding binvestors, bcreditors,
bcustomers, bsuppliers, band bgovernment bagencies.
d.to bprovide bmanagement bwith bfinancial band bnonfinancial binformation buseful bin
bplanning, bcontrolling, band bdecision bmaking. b- bcorrect banswer-to bprovide
bmanagement bwith bfinancial band bnonfinancial binformation buseful bin bplanning,
bcontrolling, band bdecision bmaking.
The bcontroller bof ban borganization bparticipates bin:
a.controlling.
b.planning.
c.decision bmaking.
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-All bof bthese bchoices bare
bcorrect.
The bstandards bof bethical bconduct bfor bmanagerial baccountants binclude:
a.competence, bconfidentiality, bintegrity, band bcredibility.
b.pursuit bof bexcellence, bcredibility, band bimmediacy.
c.caring bfor bothers, bintuition, band brespect bfor bothers.
d.confidentiality, bconfidence, bintegrity, band bobservance. b- bcorrect banswer-
competence, bconfidentiality, bintegrity, band bcredibility.
The bdetailed bformulation bof baction bto bachieve ba bparticular bend bis bthe bmanagement
bactivity bcalled:
ACCOUNTING
EXAM 1 WITH ALL
ANSWERS
CORRECT
Which bof bthe bfollowing bis bnot ban bobjective bof bmanagerial baccounting?
a.To bprovide binformation bfor bevaluating band bcontinuously bimproving ban
borganization's bactions
b.To bprovide binformation bfor bplanning ban borganization's baction
c.To bproduce binformation bfor bexternal busers, bincluding binvestors, bcreditors,
bcustomers, bsuppliers, band bgovernment bagencies
d.To bprovide binformation bfor beffective bdecision bmaking bby bthe bmanagement bof ba
bcompany b- bcorrect banswer-To bproduce binformation bfor bexternal busers, bincluding
binvestors, bcreditors, bcustomers, bsuppliers, band bgovernment bagencies
Which bof bthe bfollowing bstatements bis btrue bof bfinancial baccounting?
A. bFinancial baccounting bis bdirected btoward bexternal busers.
, b.Financial baccounting bis bable bto bprovide baudited, bobjective bfinancial binformation.
c.Financial baccounting bis bsubject bto bexternally bimposed brules.
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-All bof bthese bchoices bare
bcorrect.
Accountants bthat bhave ba bCertificate bin bPublic bAccounting b(CPA):
a.may bbe bheld bresponsible bto bprovide bassurance bconcerning bthe breliability bof ba
bfirm's bfinancial bstatements.
b.are bthe bonly baccountants bpermitted bto bserve bas bexternal bauditors.
c.must bpass ba bnational bexamination band bbe blicensed bby bthe bstate bin bwhich bthey
bpractice.
d.All bof bthese bstatements bare btrue. b- bcorrect banswer-All bof bthese bstatements bare
btrue.
Which bof bthe bfollowing bis ban bexample bof bthe bmanagement bactivity breferred bto bas
bplanning?
a.Tracking bthe bcost bof bemployee babsence
b.Developing ba bstrategy bfor bdisposing bof bhazardous bwaste
c.Ensuring bthat bthe bmost bcompetent bcandidates bare brecruited bby ba bcompany
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-Developing ba bstrategy bfor
bdisposing bof bhazardous bwaste
The bprimary bobjective bof bmanagerial baccounting bis:
a.to bprovide bthe bInternal bRevenue bService bwith bfinancial band bnonfinancial
binformation babout bthe btaxable bincome bof ban borganization.
b.to bproduce bfinancial binformation bthat bmust bcomply bwith bvarious baccounting
bstandards.
c.to bproduce binformation bfor bexternal busers, bincluding binvestors, bcreditors,
bcustomers, bsuppliers, band bgovernment bagencies.
d.to bprovide bmanagement bwith bfinancial band bnonfinancial binformation buseful bin
bplanning, bcontrolling, band bdecision bmaking. b- bcorrect banswer-to bprovide
bmanagement bwith bfinancial band bnonfinancial binformation buseful bin bplanning,
bcontrolling, band bdecision bmaking.
The bcontroller bof ban borganization bparticipates bin:
a.controlling.
b.planning.
c.decision bmaking.
d.All bof bthese bchoices bare bcorrect. b- bcorrect banswer-All bof bthese bchoices bare
bcorrect.
The bstandards bof bethical bconduct bfor bmanagerial baccountants binclude:
a.competence, bconfidentiality, bintegrity, band bcredibility.
b.pursuit bof bexcellence, bcredibility, band bimmediacy.
c.caring bfor bothers, bintuition, band brespect bfor bothers.
d.confidentiality, bconfidence, bintegrity, band bobservance. b- bcorrect banswer-
competence, bconfidentiality, bintegrity, band bcredibility.
The bdetailed bformulation bof baction bto bachieve ba bparticular bend bis bthe bmanagement
bactivity bcalled:
