Financial vs managerial - Study guides, Class notes & Summaries

Chapter 3 Multiple Choice 1. Identify the attribute that is not normally associated with the job of functional manager. a) The functional manager is usually a generalist in the area being managed. b) The functional manager is responsible for deciding what resources will be devoted to accomplishing the task. c) The functional manager is administratively responsible for deciding how something will be done. d) The functional manager is responsible for deciding who will do the work. Ans...

Test Bank Questions, Chapter 3 Test Bank Questions, Chapter 1 1. Which of the following is the market-established worth of a product or a financial instrument? a. Market value b. Fair value c. Cash flow d. Investments e. Book value Answer: a 2. Which of the following best defines personal finance? a. The study of how people minimize risk for a given level of return b. The study of how people maximize return for a given level of risk c. The study of how people develop the ...

ACCT 211 Exam 1What is managerial accounting? - correct answer Provides information and analysis to managers inside the organization to assist them in decision making. Financial Accounting vs Managerial Accounting: Primary Users of Reports - correct answer Financial Accounting is external users, stockholders, creditors, and regulators. Managerial Accounting is internal users such as managers and officers. Financial Accounting vs Managerial Accounting: types/frequencies of reports - corr...

ACCT 211 Exam 1 questions well answered What is managerial accounting? - correct answer Provides information and analysis to managers inside the organization to assist them in decision making. Financial Accounting vs Managerial Accounting: Primary Users of Reports - correct answer Financial Accounting is external users, stockholders, creditors, and regulators. Managerial Accounting is internal users such as managers and officers. Financial Accounting vs Managerial Accounting: types/freq...

ACCT 211 Exam 1 Liberty university Question and answers 100% correct ACCT 211 Exam 1 What is managerial accounting? - correct answer Provides information and analysis to managers inside the organization to assist them in decision making. Financial Accounting vs Managerial Accounting: Primary Users of Reports - correct answer Financial Accounting is external users, stockholders, creditors, and regulators. Managerial Accounting is internal users such as managers and officers. Financ...

AIS Exam 1 Study Guide Questions & Answers 2024/2025 What is AIS? - ANSWERSa system that collects, records, stores, and processes data to produce useful information for decision makers What are the three major components of AIS? - ANSWERSInputs, Processing methods, and outputs Inputs - ANSWERSraw transaction data Processing methods - ANSWERSsorting, organizing, calculating, and applying accounting procedures Outputs - ANSWERSuseful information such as management reports, financi...

ACCOUNTING BASICS - Answer Accounting is... It does 3 things - Answer An information system 1) Measures business activity 2) Processes data into reports 3) Communicates results to decision makers Financial Statements - Answer -End (and key) product of accounting process -Report on business in monetary terms Financial Accounting vs Managerial Accounting - Answer Financial Accounting -Provides information for external decision makers -Investors -Creditors -Taxing aut...

HCAD 375 Final Questions and Answers 2024 3 managerial viewpoints and how that influences $ management Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for clinical outcomes Proprietary vs not-for-profit -pay all taxes -corporations, partnerships, or...

HCM 316 COMP EXAM QUESTIONS & ANSWERS 2024/2025 ACCOUNTING - ANSWERSSystem for providing financial information Financial Accounting - ANSWERSFormalizaed system of recording the organizations financial history Managerial Accounting - ANSWERSProvides financial info to help future oriented decision making Finance - ANSWERSManagement of the organization acquisition and disposition of resources (especially cash) Goals of Financial Management - ANSWERSprofitability, viability Profi...

HCAD 375 Final Question and answers 2023 verified to pass(UPDATED)HCAD 375 Final Question and answers 2023 verified to pass 3 managerial viewpoints and how that influences $ management - correct answer Financial: work with finance on a daily basis, responsible for the reporting function Process: work with the system of the organization, responsible for data accumulation Clinical: usually work with and interact directly with patients, responsible for service delivery also responsible for...