Solution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda Mattison
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Course
Horngren`s accounting managerial
Institution
Horngren`s Accounting Managerial
Solution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda MattisonSolution manual for horngren s accounting the managerial chapters 14th edition By Tracie Miller-Nobles Brenda MattisonSolution manual for horngren s accounting the managerial chapte...
1. What is the primary purpose of managerial accounting? llttII llttII llttII ltI llttII llttII llttII
The primary purpose of managerial accounting is to provide information to help managers plan,
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l direct, control, and make decisions.
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2. List six differences between financial accounting and managerial accounting.
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Financial accounting and managerial accounting differ on the following 6 l l t t I I l l t t I I l l t t I I l l t t I I l l t t I I l l t t I I l l t t I I l l t t I I l l t t I I
dimensions:
l l t t I I (1) primary users, (2) purpose of information, (3) focus and l l t t I I l l t t I I l l t t I I ll tt II llttII llttII llt t II l l tt II l l tt II l l t t I I
time dimension of the information, (4) rules and re-
l l t t II strictions, (5) scope ofl ltt II l ltt II l ltt II llttII l ltt II llttII l ltt II ll t t II l l t t I I llttII llttII llttII
information, and (6) behavioral.
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3. Explain the difference between line positions and staff positions. llttII llttII llttII llttII llttII llttII llttII ltII
Line positions are directly involved in providing goods or services to customers. Staff positions
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l support line positions.
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4. Explain the differences between planning, directing, and controlling. llttII llttII llttII llttII llttII llttII llttII
Planning means choosing goals and deciding how to achieve them. Directing involves running the day- llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII
l to-day operations of a business. Controlling is the process of monitoring operations and
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keepingthe
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5. List the four IMA standards of ethical practice and briefly describe each.
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The four IMA standards of ethical practice and a description of each follow.
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I. Competence.
Maintain an appropriate level of professional leadership and expertise by enhancing llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII
knowledgeand skills. l l t t I I ltI lltII
Perform professional duties in accordance with relevant laws, regulations, and technical lttII llttII llttII llttII llttII llttII llttII llttII llttII llttII
standards. l l t t I I
Provide decision support information and recommendations that are accurate, clear, concise, llttII llttII llttII llttII llttII llttII llttII llttII llttII llttII
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