100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Managerial Accounting Stacey Whitecotton 4th Edition- Test Bank €22,79   In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Accounting - Test Bank
  4.  
  5. Accounting - Test Bank
  6.  
  7. Accounting - Test Bank

Tentamen (uitwerkingen)

Managerial Accounting Stacey Whitecotton 4th Edition- Test Bank
 22 keer bekeken  0 keer verkocht
  • Vak
  • Accounting - Test Bank
  • Instelling
  • Accounting - Test Bank

Managerial Accounting, 4e (Whitecotton) Chapter 1 Introduction to Managerial Accounting 1) Financial accounting information is generally used exclusively by internal parties such as managers. Answer: FALSE Explanation: Financial accounting information is used by external parties; managerial acc...

[Meer zien]

Voorbeeld 4 van de 1209  pagina's

Document informatie

  • 13 september 2023
  • 1209
  • 2022/2023
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • complete test bank
  • all chapters included
  • managerial accounting stacey whitecotton

Geschreven voor

  • Accounting - Test Bank
  • Accounting - Test Bank
  • Accounting - Test Bank
Alle documenten voor dit vak (74)

Verkoper

avatar-seller
ExamsExpert

Ontvangen beoordelingen

Voorbeeld van de inhoud

,Managerial Accounting, 4e (Whitecotton)
Chapter 1 Introduction to Managerial Accounting

1) Financial accounting information is generally used exclusively by internal parties such as
managers.

Answer: FALSE
Explanation: Financial accounting information is used by external parties; managerial
accounting information is used by internal business owners and managers.
Difficulty: 1 Easy
Topic: Comparison of financial and managerial accounting
Learning Objective: 01-01 Describe the key differences between financial accounting and
managerial accounting.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

2) Financial accounting information is reported for the company as a whole.

Answer: TRUE
Explanation: Financial accounting information is provided at the company-wide level.
Difficulty: 1 Easy
Topic: Comparison of financial and managerial accounting
Learning Objective: 01-01 Describe the key differences between financial accounting and
managerial accounting.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

3) Managers must direct, lead and motivate during the implementation function.

Answer: TRUE
Explanation: Directing/leading involves putting the plan into action, and motivating others to
work toward the plan's success, and it is a key part of putting a plan into action (implementation).
Difficulty: 1 Easy
Topic: Functions of Management
Learning Objective: 01-02 Describe how managerial accounting is used in different types of
organizations to support the key functions of management.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation




1
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

,4) Managers of small, private corporations use managerial accounting information whereas
managers of large, public corporations use financial accounting information.

Answer: FALSE
Explanation: Managerial accounting information is used by managers in all types of
organizations: large and small, public and private, profit and nonprofit.
Difficulty: 1 Easy
Topic: Functions of Management
Learning Objective: 01-02 Describe how managerial accounting is used in different types of
organizations to support the key functions of management.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

5) The Sarbanes-Oxley Act of 2002 places full responsibility on the board of directors for the
accuracy of the reporting system.

Answer: FALSE
Explanation: SOX places more responsibility on all managers (not just accountants) for the
accuracy of the reporting system. SOX also places additional responsibilities on the boards of
directors and external auditors to reduce the opportunity for errors and fraud.
Difficulty: 2 Medium
Topic: Ethics and the Sarbanes-Oxley Act
Learning Objective: 01-03 Describe the importance of ethics, sustainability, and decision
analytics in managerial accounting.
Bloom's: Understand
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

6) The Sarbanes-Oxley Act of 2002 focuses on three factors that affect the accounting reporting
environment: ethics, fraud, and managers.

Answer: FALSE
Explanation: The Sarbanes-Oxley Act of 2002 focuses on three factors that affect the accounting
reporting environment: opportunity, incentives, and character.
Difficulty: 2 Medium
Topic: Ethics and the Sarbanes-Oxley Act
Learning Objective: 01-03 Describe the importance of ethics, sustainability, and decision
analytics in managerial accounting.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation




2
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

, 7) A sustainable business is one with the ability to meet the needs of today without sacrificing
the ability of future generations to meet their own needs.

Answer: TRUE
Explanation: In the context of business "sustainability" means the ability to meet the needs of
today without sacrificing the ability of future generations to meet their own needs.
Difficulty: 1 Easy
Topic: Sustainability Accounting
Learning Objective: 01-03 Describe the importance of ethics, sustainability, and decision
analytics in managerial accounting.
Bloom's: Remember
AACSB: Ethics
Accessibility: Keyboard Navigation

8) The term "Big data" refers to the volume, velocity and veracity of data.

Answer: FALSE
Explanation: Veracity is a synonym for accuracy, which is not one of the characteristics of big
data. The 3 characteristics of "Big data" are volume, velocity, and variety
Difficulty: 1 Easy
Topic: Decision Analytics
Learning Objective: 01-03 Describe the importance of ethics, sustainability, and decision
analytics in managerial accounting.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation

9) Predictive analytics is the process of recommending a course of action based upon meaningful
patterns and insights from collected data.

Answer: FALSE
Explanation: Prescriptive analytics, not predictive analytics, recommends courses of action
Difficulty: 1 Easy
Topic: Decision Analytics
Learning Objective: 01-03 Describe the importance of ethics, sustainability, and decision
analytics in managerial accounting.
Bloom's: Remember
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation




3
Copyright 2020 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ExamsExpert. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €22,79. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 78252 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€22,79
  • (0)
  Kopen