TEST BANK
Managerial Accounting: The Cornerstone of Business Decision Making,
8th Edition, Mowen, Hansen, Heitger
Page 1
,Page 2
,Table of Contents
WHY Is Managerial Accounting Important?
1. Introduction to Managerial Accounting.
2. Basic Managerial Accounting Concepts.
WHAT Is Managerial Accounting?
3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
WHERE Does Managerial Accounting Come From?
4. Job-Order Costing and Normal Cost (Overhead Application). 5. Activity-Based Costing
and Management
6. Process Costing.
HOW Is Managerial Accounting USED for Decision Making?
7. Cost-Volume-Profit Analysis.
8. Tactical Decision Making and Relevant Costing.
9. Profit Planning and Flexible Budgets.
10. Standard Costing and Variance Analysis.
11. Performance Evaluation and Decentralization.
12. Capital Investment Decisions.
13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean
Accounting, International Issues, Enterprise Risk Management, The Managerial
Accountant in Forensic/Fraud Accounting
14. Statement of Cash Flows.
15. Financial Statement Analysis.
Page 3
, Chap 01_8e_Mowen
Answers at the end of each chapter
Indicate whether the statement is true or false.
1. A cost accountant would normally occupy a staff position within an organization. a.
True
b. False
2. The four emphasized areas of the CMA examination reflect the needs of managerial accounting and
highlight that managerial accounting has more of an interdisciplinary flavor than other areas of accounting.
a. True
b. False
3. Management accounting information is used only by manufacturing
organizations. a. True
b. False
4. Positions that have direct responsibility for the basic objectives of an organization are referred to as line positions.
a. True
b. False
5. Virtually all managerial accounting practices were developed to assist managers in maximizing profits.
a. True
b. False
6. Managerial accounting is designed primarily for internal users.
a. True
b. False
7. Managerial accounting information is not important for not-for-profit
organizations. a. True
b. False
8. Time is not a crucial element in all phases of the value chain.
a. True
b. False
Page 4
Managerial Accounting: The Cornerstone of Business Decision Making,
8th Edition, Mowen, Hansen, Heitger
Page 1
,Page 2
,Table of Contents
WHY Is Managerial Accounting Important?
1. Introduction to Managerial Accounting.
2. Basic Managerial Accounting Concepts.
WHAT Is Managerial Accounting?
3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
WHERE Does Managerial Accounting Come From?
4. Job-Order Costing and Normal Cost (Overhead Application). 5. Activity-Based Costing
and Management
6. Process Costing.
HOW Is Managerial Accounting USED for Decision Making?
7. Cost-Volume-Profit Analysis.
8. Tactical Decision Making and Relevant Costing.
9. Profit Planning and Flexible Budgets.
10. Standard Costing and Variance Analysis.
11. Performance Evaluation and Decentralization.
12. Capital Investment Decisions.
13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean
Accounting, International Issues, Enterprise Risk Management, The Managerial
Accountant in Forensic/Fraud Accounting
14. Statement of Cash Flows.
15. Financial Statement Analysis.
Page 3
, Chap 01_8e_Mowen
Answers at the end of each chapter
Indicate whether the statement is true or false.
1. A cost accountant would normally occupy a staff position within an organization. a.
True
b. False
2. The four emphasized areas of the CMA examination reflect the needs of managerial accounting and
highlight that managerial accounting has more of an interdisciplinary flavor than other areas of accounting.
a. True
b. False
3. Management accounting information is used only by manufacturing
organizations. a. True
b. False
4. Positions that have direct responsibility for the basic objectives of an organization are referred to as line positions.
a. True
b. False
5. Virtually all managerial accounting practices were developed to assist managers in maximizing profits.
a. True
b. False
6. Managerial accounting is designed primarily for internal users.
a. True
b. False
7. Managerial accounting information is not important for not-for-profit
organizations. a. True
b. False
8. Time is not a crucial element in all phases of the value chain.
a. True
b. False
Page 4
