TEST BANK FOR MANAGERIAL ACCOUNTING: CREATING VALUE IN A DYNAMIC BUSINESS ENVIRONMENT, 13TH EDITION BY HILTON | VERIFIED CHAPTER'S 1 - 17 | COMPLETE 2025

FAMILIAREXAMINER

TEST BANK FOR MANAGERIAL
ACCOUNTING: CREATING VALUE IN A
DYNAMIC BUSINESS ENVIRONMENT, 13TH
EDITION BY HILTON | VERIFIED CHAPTER'S
1 - 17 | COMPLETE 2025




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TABLE OF CONTENTS
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic
Business Environment
Chapter 2: Basic Cost Management Concepts
Chapter 3: Product Costing and Cost Accumulation in a Batch
Production Environment
Chapter 4: Process Costing and Hybrid Product-Costing Systems
Chapter 5: Activity-Based Costing and Management
Chapter 6: Activity Analysis, Cost Behavior, and Cost Estimation
Chapter 7: Cost-Volume-Profit Analysis
Chapter 8: Variable Costing and the Measurement of ESG and Quality
Costs
Chapter 9: Financial Planning and Analysis: The Master Budget
Chapter 10: Standard Costing and Analysis of Direct Cost s
Chapter 11: Flexible Budgeting and the Management of Overhead and
Support Activity Costs
Chapter 12: Responsibility Accounting and the Balanced Scor ecard
Chapter 13: Investment Centers and Transfer Pricing
Chapter 14: Decision Making: Relevant Costs and Benefit s
Chapter 15: Target Costing and Cost Analysis for Pricing Decisions
Chapter 16: Capital Expenditure Decisions
Chapter 17: Allocation of Support Activity Costs and Joint Costs




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Appendix I
The Sarbanes-Oxley Act, Internal Controls, And Management Accounting
ANSWER KEY
TRUE / FALSE QUESTIONS


1. Even In Large Companies, Few Internal Controls Exist In Order To Establish Greater Control
Of Security Among Limited Individuals.
FALSE

AACSB: Reflective Thinking
AICPA BB: Critical Thinking
AICPA FN: Research Blooms:
Remember Difficulty: 1 Easy
Learning Objective: 1
Feedback True: Even In Large Companies There Are Thousands Of Procedures That Can Properly Be Viewed As Internal Controls, Including A
Range Of Diverse Activities Such As Approvals, Authorizations, Verifications, Reconciliations, Reviews Involving Most Individuals Within The
Company.
Feedback False: Correct! Even In Large Companies There Are Thousands Of Procedures That Can Properly Be Viewed As Internal Controls,
Including A Range Of Diverse Activities Such As Approvals, Authorizations, Verifications, Reconciliations, Reviews Involving Most Individuals
Within The Company.


2. Since Many Internal Control Procedures Are Automated, Internal Software Controls Are Not Needed.
FALSE

AACSB: Reflective Thinking
AICPA BB: Critical Thinking
AICPA FN: Research Blooms:
Remember Difficulty: 1 Easy
Learning Objective: 1
Feedback True: Despite The Fact That Many Internal Control Procedures Are Automated, Companies Need Internal Control Safeguards To Ensure
That The Software Is Working Properly And Doing What It Is Supposed To Do.
Feedback False: Correct! Despite The Fact That Many Internal Control Procedures Are Automated, Companies Need Internal Control Safeguards To
Ensure That The Software Is Working Properly And Doing What It Is Supposed To Do.

3. The Public Company Accounting Oversight Board (PCAOB) Is A 7-Member Board
Operating Under The Auspices Of The American Institute Of Certified Public Accountants
(AICPA).
FALSE

AACSB: Reflective Thinking
AICPA BB: Critical Thinking
AICPA FN: Research Blooms:
Remember Difficulty: 1 Easy
Learning Objective: 2
Feedback True: The PCAOB Is A 5-Member Board Operating Under The Auspices Of The SEC. Feedback
False: Correct! The PCAOB Is A 5-Member Board Operating Under The Auspices Of The SEC.




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4. The First Decade Of The SOX Legislation Was Characterized By Controversy.
TRUE

AACSB: Reflective Thinking
AICPA BB: Critical Thinking
AICPA FN: Research Blooms:
Remember Difficulty: 1 Easy
Learning Objective: 2
Feedback True: Correct! It Is True That The First Decade Of SOX Legislation Was Characterized By Controversy.
Feedback False: It Is True That The First Decade Of SOX Legislation Was Characterized By Controversy.


MULTIPLE CHOICE QUESTIONS



5. The Sarbanes-Oxley Act:
A. Arose Because Of Several Accounting Scandals That Rocked The Public's Confidence
In Published Financial Statements.
B. Was Enacted, In Part, To Bring About Reform In Companies' Financial Reporting Processes.
C. Has Distinct Guidelines For Reporting On An Organization's Internal Control Practices.
D. Contains Provisions Whereby The Chief Executive Officer (CEO) And Chief Financial Officer
(CFO) Can Be Held Criminally Responsible If Their Firm's Financial Statements Are Found To Be
Fraudulent In Nature.
E. All Of The Answers Are Correct.

AACSB: Ethics AICPA
BB: Legal
AICPA FN: Risk Analysis
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 1
Feedback A: While This Is A True Statement About SOX, There Is A Better Answer Choice Listed.
Feedback B: While This Is A True Statement About SOX, There Is A Better Answer Choice Listed.
Feedback C: While This Is A True Statement About SOX, There Is A Better Answer Choice Listed.
Feedback D: While This Is A True Statement About SOX, There Is A Better Answer Choice Listed.
Feedback E: Correct! All Of These Statements About The Sarbanes-Oxley Act Are True.




6. Internal Controls Focus On All Of The Following Except:
A. Effectiveness Of Operations.
B. Reliability Of Financial Reporting.
C. Compliance With Applicable Laws And Regulations.
D. Maximization Of Profit And Cash Flows.
E. Efficiency Of Operations.

AACSB: Ethics AICPA
BB: Industry
AICPA FN: Risk Analysis
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 1
Feedback A: Internal Controls Focus On This Factor.
Feedback B: Internal Controls Focus On This Factor.
Feedback C: Internal Controls Focus On This Factor.

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