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Summary Managerial Accounting 5th Edition by Stacey Whitecotton test bank
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Full download please contact u84757@protonmail.com orqidiantiku.com
Student name:__________
1) Describe the three-step process you should apply when faced with an ethical dilemma.
2) What is the primary goal of accounting?
A) To set long-term goals and objectives
B) To arrange for the necessary resources to achieve a plan
C) To provide information for decision-making
D) To motivate others to work towards a plan's success
3) Of the following groups, which is the primary user of managerial accounting information?
A) Investors
B) Creditors
C) Regulators
D) Managers
Full download please contact u84757@protonmail.com or
qidiantiku.com
,Full download please contact u84757@protonmail.com or
qidiantiku.com
4) Managerial accounting, as compared to financial accounting, is primarily intended to
facilitate:
A) understanding the GAAP.
B) making decisions with timely, relevant information.
C) conducting ethics investigations under SOX.
D) reporting results to shareholders.
5) Managerial accounting information includes all of the following except:
A) budgets.
B) performance evaluations, for example, budget-to-actual reports.
C) cost reports.
D) financial statements prepared in accordance with generally accepted accounting
principles.
6) Which of the following is not a characteristic of financial accounting?
A) Financial reports are prepared according to GAAP.
B) Information is used by external parties.
C) Information is subjective, relevant, and future-oriented.
Full download please contact u84757@protonmail.com or
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,Full download please contact u84757@protonmail.com or
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D) Reports are prepared periodically.
7) Which of the following is not a characteristic of financial accounting?
A) Information is reported at the decision-making level.
B) Information is used by external parties.
C) Information is objective, reliable, and historical.
D) Reports are prepared periodically.
8) Which of the following is not a characteristic of financial accounting?
A) Financial reports are prepared according to GAAP.
B) Information is used primarily by internal parties.
C) Information is objective, reliable, and historical.
D) Reports are prepared periodically.
9) Which of the following is not a characteristic of managerial accounting?
A) Information is used by internal parties.
B) Information is subjective, relevant, and future-oriented.
C) Reports are prepared as needed.
Full download please contact u84757@protonmail.com or
qidiantiku.com
, Full download please contact u84757@protonmail.com or
qidiantiku.com
D) Reports are prepared according to GAAP.
10) Which of the following is not a characteristic of managerial accounting?
A) Information is used by external parties.
B) Information is subjective, relevant, and future-oriented.
C) Reports are prepared as needed.
D) Information is reported at the decision-making level.
11) Which of the following is not a characteristic of managerial accounting?
A) Information is used by internal parties.
B) Information is subjective, relevant, and future-oriented.
C) Reports are prepared as needed.
D) Information is reported for the company as a whole.
12) Which of the following types of reports is more characteristic of managerial accounting than
financial accounting?
A) An internal report used by management
B) An external report used by investors
Full download please contact u84757@protonmail.com or
qidiantiku.com
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