Solutions for Horngren's Financial & Managerial Accounting, The Managerial Chapters, 8th edition by Miller-Nobles.pdf

1m
Copyrightm©m2018mPearsonmEducation,mInc.m
Horngren'smAccounting,m12em(Miller-Noblesmetmal.)m
Chapterm18mmmIntroductionmtomManagerialmAccountingm
m

18.1mmmLearningmObjectivem18-1m
m

1)mManagerialmaccountingmfocusesmonmprovidingminformationmforminternalmplanningmandmco
ntrol.m
Answer:mmTRUEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

2)mFinancialmaccountingmpreparesmreportsmforminternalmpurposes,mwhereasmmanagerialmacc
ountingmprovidesm
informationmtomexternalmstakeholders.m
Answer:mmFALSEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

3)mFinancialmstatementsmpreparedmforminvestorsmandmcreditorsmoftenmincludemforward-
lookingminformationm
becausemthey mmakemdecisionsmbasedmonmamcompany'smfuturemprospects.m
Answer:mmFALSEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

4)mManagerialmaccountingmreportingmby mampublic mfirmmismrequiredmtomfollowmthemrulesmof mG
AAP.mm
Answer:mmFALSEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm

,PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

DOWNLOADmTHEmTestmBankmformHorngrensmAccountingmThemManagerialmChapters
mmmmmmmmmmmmmmmmmmmmmm 12thmEditionmMillermNobles

mynursytest.store
2m
Copyrightm©m2018mPearsonmEducation,mInc.m
5)mPlanningmrequiresmmanagersmtomlookmtomthemfuturemandmestablishmgoalsmformthembusines
s.m
Answer:mmTRUEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmManagerialmAccountingmFunctionsm
6)mFinancialmreportingmismtypically mmuchmmoremdetailedmthanmmanagerialmaccounting.m
Answer:mmFALSEm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

7)mWhichmof mthemfollowingmismamfocusmof mmanagerialmaccounting?m
A)mtomgeneratemamcompany'smfinancialmstatementsmformtaxmreportingm
B)mtomprovideminformationmtombusinessmmanagersmtomassistmthem minmcontrollingmtheirmbusi
nessesm
C)mtomprovideminformationmtomshareholdersmtomassistmthem mwithmtheirminvestmentmdecision
sm
D)mtomensuremthatmthemreportsmproducedmforminternalmandmexternalmbusinessmpurposesmare
mGAAP mcompliantm

Answer:mmBm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

8)mWhichmof mthemfollowingmstatementsmismTRUE mof mmanagerialmaccounting?m
A)mThemexternalmstakeholdersmof mamcompany maremthemprimary musersmof mmanagerialmaccoun
ting.m

,B)mManagerialmaccountingminformationmismusedmtomhelpmmanagersmplan,mdirectmandmcontrol
mtheirmoperations.m

C)mAnmexternalmauditmbymanmindependentmCPAmismrequiredmformmanagerialmaccountingminfo
rmation.m
D)mManagerialmaccountingminformationmmustmcomplymwithmGenerally mAcceptedmAccounting
mPrinciples.m

Answer:mmBm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

DOWNLOADmTHEmTestmBankmformHorngrensmAccountingmThemManagerialmChapters
mmmmmmmmmmmmmmmmmmmmmm 12thmEditionmMillermNobles

mynursytest.store
3m
Copyrightm©m2018mPearsonmEducation,mInc.m
9)mManagerialmaccountingminformationmformamcompany mismprimarily musedmbym________.m
A)mitsmcustomersmtomunderstandmthempricingmof mthemproductm
B)mitsmcreditorsmtomunderstandmthemcredibility mof mthembusinessm
C)mitsmemployeesmtomplan,mdirectmandmcontrolmoperationsm
D)mitsminvestorsmtommakemtheirminvestmentmdecisionsm
Answer:mmCm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
10)mWhichmof mthemfollowingmstatementsmismTRUEmof mfinancialmaccounting?m
A)mItmprovidesminformationmtominvestorsmneededmformtheirminvestmentmdecisions.m
B)mItmprovidesmfuturemfocusedminformationmneededmformmanagingmandmdelegatingmoperatio
ns.m
C)mItmfocusesmonmdetailedmreportsmformpartsmofmthemcompany mrathermthanmthemwholemcompa
ny.m
D)mItmfocusesmonmplanning,mdirectingmandmcontrollingmday-to-day moperations.m
Answer:mmAm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm

, H2:mmWhy mismManagerialmAccountingmImportant?m(H1)m
m

11)mManagerialmaccountingmincludesmthemplanningmfunction.mWhichmof mthemfollowingmitems
mwouldmbempartmof m

themplanningmfunctionmof mambusiness'smmanagerialmaccounting?m
A)mcomparingmactualmtomexpectedmresultsm
B)mchoosingmgoalsmandmdecidingmhow mtomachievemthem m
C)mmonitoringmoperationsmtomkeepmthemcompany monmtrackm
D)mmonitoringmandmevaluatingmthemresultsmof moperationsm
Answer:mmBm
Diff:m1m
LO:mm18-1m
AACSB:mmAnalyticalmthinkingm
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmManagerialmAccountingmFunctionsm
m

DOWNLOADmTHEmTestmBankmformHorngrensmAccountingmThemManagerialmChapters
mmmmmmmmmmmmmmmmmmmmmm 12thmEditionmMillermNobles

mynursytest.store
4m
Copyrightm©m2018mPearsonmEducation,mInc.m
12)mComparingmactualmresultsmtomexpectedmresultsmismpartmof mthem________.m
A)mcontrollingmfunctionmof mmanagerialmaccountingm
B)mplanningmfunctionmof mmanagerialmaccountingm
C)mreportingmfunctionmof mmanagerialmaccountingm
D)morganizingmfunctionmof mmanagerialmaccountingm
Answer:mmAm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm
PEmQuestionmType:mmConceptm
H2:mmManagerialmAccountingmFunctionsm
m

13)mWhichmof mthemfollowingmismthemprimary mfocusmof mmanagerialmaccounting?m
A)mprovidingminformationmthatmmanagersmneedmtommakemoperationalmdecisionsm
B)mprovidingmhistoricalmdatamtominvestorsmandmcreditorsm
C)mprovidingmsummarizedmresultsmof moperationsm
D)mprovidingminformationmtomcomply mwithmlawsmandmregulationsmof mgovernmentmbodiesm
Answer:mmAm
Diff:m1m
LO:mm18-1m
AACSB:mmApplicationmof mknowledgem
AICPAmFunctional:mmReportingm