ACCTG 9456 TEST BANK MANAGEMENT ACCTG. – 1

1. Management Accounting A. Is governed by generally accepted accounting principles. B. Draws from disciplines other than accounting C. Is geared primarily to the past rather than future. D. Places more emphasis on precision of data compared with financial accounting which does not place more emphasis on accuracy of information. 2. Management accounting is an integral part of the management process. As such, it provides essential information for the following objectives except A. Maintaining the current level of resources utilization as well as internal and external communication. B. Measuring and evaluating performances. C. Planning strategies and controlling current activities of the organization. D. Enhancing objectivity in decision­making. 3. The chief management accountant called “controller” traditionally performs these functions except A. The establishment and implementation of the financial planning process. B. Financial and management reporting and interpretation. C. Protection of company resources and economic evaluation. D. Relate to specific problems where expert help is required. 6. Management accountants help design, develop, install and maintain reporting systems which are aligned with the structures of the organization. These systems provide information that are useful for decision making. Management decision processes fall into three categories. A. Repetitive, non programmed and strategic