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
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.
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?
上一篇：Retailing Management Canadian 6th Edition By Michael Levy test bank
下一篇： Introductory Chemistry 6th edition by Nivaldo J. Tro Test bank