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