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Mng Acc Study Guide Graded A
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  • NU1426

Mng Acc Study Guide Graded A+ Managerial accounting Planning Directing and Motivating Feedback Decentralization Line Staff Controller Budgets Performance Report Chief Financial Officer Work in Process Six Sigma Business Process Corporate Governance Enterprise Risk Management Just-I...

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Document information

  • February 22, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mng
  • acc
  • study

Written for

  • NU1426
All documents for this subject (965)

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Mng Acc Study Guide Questions and Correct
Answers

1). Managerial accounting

 Ans: is concerned with providing information for the use of people inside the
organization, whereas financial accounting is concerned with providing information for
the use of people outside the organization.


2). Planning

 Ans: consists of identifying alternatives, selecting from among the alternatives the one
that is best for the organization, and specifying what actions will be taken to implement
the chosen alternative.


3). Directing and motivating

 Ans: managers oversee day-to-day activities and keep the organization functioning
smoothly.


4). Feedback

 Ans: The accounting and other reports coming to management that are used in
controlling the organization are called


5). Decentralization

 Ans: the delegation of decision-making authority throughout an organization by
allowing managers at various operating levels to make key decisions relating to their area
of responsibility is called


6). Line

 Ans: A position on the organization chart that is directly related to achieving the basic
objectives of an organization is called


7). Staff




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