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1、精选优质文档-倾情为你奉上Management Accounting, 6e (Atkinson et al.)Chapter 1 How Management Accounting Information Supports Decision MakingObjective 11) Management accounting is subject to the rules formulated by standard setters such as the Financial Accounting Standards Board (FASB).Answer: FALSEExplanation:
2、 Financial accounting is subject to the rules of the FASB.Diff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking2) Management accounting information is primarily oriented to external stakeholders, such as investors, creditors, regulators, and tax authorities.Answer: FALSEExplanati
3、on: Management accounting information is primarily oriented to management.Diff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking3) The International Accounting Standards Board sets the guidelines used for management accounting.Answer: FALSEExplanation: Financial accounting must be
4、 consistent with the rules of the IASB.Diff: 1Terms: International Accounting Standards BoardObjective: 1AACSB: Reflective thinking4) A good management accounting system can become a source of competitive advantage for a company.Answer: TRUEDiff: 1Terms: management accountingObjective: 1AACSB: Refle
5、ctive thinking5) Management accounting information is sometimes predictive and forward looking.Answer: TRUEDiff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking6) Management accounting has no prescribed rules about its content, how the content is to be developed, and how the cont
6、ent is to be presented.Answer: TRUEDiff: 2Terms: management accountingObjective: 1AACSB: Reflective thinking7) The Federal Accounting Standards Advisory Board sets cost accounting standards for all federal government activities.Answer: TRUEDiff: 2Terms: Government Accounting Standards BoardObjective
7、: 1AACSB: Reflective thinking8) Management accounting measures can provide advance warnings of problems.Answer: TRUEDiff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking9) Information about customer satisfaction is an example of financial information.Answer: FALSEExplanation: Inf
8、ormation about customer satisfaction is an example of nonfinancial information.Diff: 1Terms: nonfinancial informationObjective: 1AACSB: Reflective thinking10) Management accounting information can be used for all of the following EXCEPT:A) calculate the cost of a product or service.B) evaluate the p
9、erformance of a company.C) project materials needs.D) evaluate the market price of the stock.Answer: DDiff: 2Terms: management accountingObjective: 1AACSB: Reflective thinking11) Which of the following types of information are used in management accounting? A) financial informationB) nonfinancial in
10、formationC) information focused on the long termD) All of the above are correct.Answer: DDiff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking12) Management accounting:A) is both retrospective, providing feedback about past operations, and also prospective, incorporating forecast
11、s and estimates about future events.B) is primarily oriented to external stakeholders.C) must be consistent with rules formulated by the Financial Accounting Standards Board (FASB).D) provides information that is generally available only on a quarterly or annual basis.Answer: ADiff: 2Terms: manageme
12、nt accountingObjective: 1AACSB: Reflective thinking13) Which of the following descriptors refer to management accounting information?A) It is only retrospective, reporting and summarizing in financial terms the results of past decisions and transactions.B) It is driven by rules.C) It is prepared for
13、 shareholders.D) It is oriented to meeting the decision making needs of employees and managers inside the organization.Answer: DDiff: 2Terms: management accountingObjective: 1AACSB: Reflective thinking14) Which of the following would be considered management accounting information?A) Budgeted produc
14、tion for the year 2011.B) Budgeted Balance Sheet.C) Analysis of trend in stock prices.D) Both budgeted production for the year of 2011, and the budgeted balance sheet.Answer: DDiff: 1Terms: management accountingObjective: 1AACSB: Reflective thinking15) Management accounting information includes all
15、of the following EXCEPT:A) tabulated results of customer satisfaction surveys.B) the cost of producing a product.C) the percentage of units produced that is defective.D) market price of the stock.Answer: DDiff: 2Terms: management accountingObjective: 1AACSB: Reflective thinking16) Management accounting reports might include information about:A) customer complaints.B) net income for the year on budgeted income statement.C) total assets on budgeted bal
