Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
(10 min.) S1-5
Solution Manual For Managerial Accounting
(Canadian Edition) 6TH Edition By Karen W. Braun|
All Chapter 1 - 24. Latest Edition 2025/2026
, Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
Solutions Manual For Managerial Accounting 6TH Canadian Edition, 5e Karen
Braun, Wendy Tietz, Louis Beaubien
Chapter 1
Introduction To Managerial Accounting
Quick Check
Answers:
1. B 3. D 5. C 7. C
2. B 4. D 6. C 8. B
Short Exercises
(5–10 Min.) S1-1
The Four Primary Responsibilities Of Managers Include Planning, Directing, Controlling, And Decision
Making. Managers Plan By Setting Goals And Objectives For The Company And Devising Strategies For
Achieving Those Goals. Then They Direct The Day-To-Day Operations Of The Company In Light Of The
Goals And Objectives. They Control The Company By Comparing Actual Results To Plans And Then Use
That Feedback To Adjust Plans And Operations. Throughout All Aspects Of These Duties, Management
Is Making Critical Business Decisions.
Student Responses May Vary.
(5–10 Min.) S1-2
a. Managerial Accounting
b. Managerial Accounting
c. Financial Accounting
d. Financial Accounting
e. Managerial Accounting
f. Managerial Accounting
g. Financial Accounting
h. Managerial Accounting
i. Financial Accounting
,Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
j. Financial Accounting
k. Financial Accounting (10 min.) S1-5
l. Financial Accounting
m. Managerial Accounting
(5–10 Min.) S1-3
a. Internal Auditing Department
b. Controller
c. Treasurer
d. Internal Auditing Department
e. Controller
f. Controller
g. Treasurer
h. Internal Auditing Department
i. Controller
j. Controller
k. Treasurer
l. Internal Auditing Department
m. Controller
(5–10 Min.) S1-4
Characteristic Check () If Related To
Internal Auditing
A. Helps To Ensure That The Company’s Internal Controls Are
Functioning Properly
B. Reports To The Treasurer Or Controller
C. Required By The Toronto Stock Exchange If Company Stock
Is Publicly Traded On The TSX
D. Reports Directly To The Audit Committee
E. Ensures That The Company Achieves Its Profit Goals
F. Is Part Of The Accounting Department
G. Usually Reports To A Senior Executive (CFO Or CEO) For
Administrative Matters
H. Performs The Same Function As Independent Certified
Public Accountants
, Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
I. External Audits Can Be Performed By The Internal Auditing
Department
(10 min.) S1-5
Solution Manual For Managerial Accounting
(Canadian Edition) 6TH Edition By Karen W. Braun|
All Chapter 1 - 24. Latest Edition 2025/2026
, Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
Solutions Manual For Managerial Accounting 6TH Canadian Edition, 5e Karen
Braun, Wendy Tietz, Louis Beaubien
Chapter 1
Introduction To Managerial Accounting
Quick Check
Answers:
1. B 3. D 5. C 7. C
2. B 4. D 6. C 8. B
Short Exercises
(5–10 Min.) S1-1
The Four Primary Responsibilities Of Managers Include Planning, Directing, Controlling, And Decision
Making. Managers Plan By Setting Goals And Objectives For The Company And Devising Strategies For
Achieving Those Goals. Then They Direct The Day-To-Day Operations Of The Company In Light Of The
Goals And Objectives. They Control The Company By Comparing Actual Results To Plans And Then Use
That Feedback To Adjust Plans And Operations. Throughout All Aspects Of These Duties, Management
Is Making Critical Business Decisions.
Student Responses May Vary.
(5–10 Min.) S1-2
a. Managerial Accounting
b. Managerial Accounting
c. Financial Accounting
d. Financial Accounting
e. Managerial Accounting
f. Managerial Accounting
g. Financial Accounting
h. Managerial Accounting
i. Financial Accounting
,Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
j. Financial Accounting
k. Financial Accounting (10 min.) S1-5
l. Financial Accounting
m. Managerial Accounting
(5–10 Min.) S1-3
a. Internal Auditing Department
b. Controller
c. Treasurer
d. Internal Auditing Department
e. Controller
f. Controller
g. Treasurer
h. Internal Auditing Department
i. Controller
j. Controller
k. Treasurer
l. Internal Auditing Department
m. Controller
(5–10 Min.) S1-4
Characteristic Check () If Related To
Internal Auditing
A. Helps To Ensure That The Company’s Internal Controls Are
Functioning Properly
B. Reports To The Treasurer Or Controller
C. Required By The Toronto Stock Exchange If Company Stock
Is Publicly Traded On The TSX
D. Reports Directly To The Audit Committee
E. Ensures That The Company Achieves Its Profit Goals
F. Is Part Of The Accounting Department
G. Usually Reports To A Senior Executive (CFO Or CEO) For
Administrative Matters
H. Performs The Same Function As Independent Certified
Public Accountants
, Managerial Accounting Fifth Canadian Edition Instructor’s Solutions Manual
I. External Audits Can Be Performed By The Internal Auditing
Department
