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6- The goal of management accounting is to:
a.
Help the investors to make decisions
b.
Help bankers to make lending decisions
c.
Help the government to monitor company’s activities
d.
Help managers to make decisions
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Solved in 2 steps
- The goal of management accounting is to: a. Help bankers to make lending decisions b. Help the government to monitor company’s activities c. Help the investors to make decisions d. Help managers to make decisions7) The goal of management accounting is to: a. Help the investors to make decisions b. Help the government to monitor company’s activities c. Help managers to make decisions d. Help bankers to make lending decisionsManagement accounting information: A.helps shareholders make decisions B.is used by lenders to make credit decisions C.is a one-size-fits-all approach to reporting business results D.can be tailored to the needs of the internal user
- 12-The purpose of financial accounting is: a. Future oriented b. Communicating company position to external users c. Helping managers to make decisions d. Providing accounting information to internal usersThe purpose of financial accounting is: a. Future oriented b. Providing accounting information to internal users c. Helping managers to make decisions d. Communicating company position to external usersThe primary goal of management accounting is to: Select one: O A. provide information to current and potential investors in the company O B. provide information to creditors as well as current and prospective investors O C. provide information to creditors, taxing authorities, and current and prospective investors O D. provide information for internal management to assist them in planning, control and decision making
- The main user group of management accounting is the O A. managers O B. investors O C.creditors O D. lendersProviding information about the performance and financial position of companies so that users can make economic decisions best describes the role of: Select one: O a. Financial reporting. O b. Financial statement analysis. O c. Auditing.The person MOST likely to use management accounting information is a: Select one: O a. banker evaluating a credit application. Ob. shareholder evaluating a stock investment. Oc assembly department supervisor. Od. governmental taxing authority.
- 2. Which is the main characteristic of Management accounting? a. Helping to achieve organizational goals b. All of the above c. Analyzing accounting information d. Cause and effect analysisDescribe the nature and scope of management accounting? Nature of management accounting:. 1.Provids financial data: Management accounting provides financial data to the management and information so collected is used by the management for taking policy decisions. 2.Decision making: The management accounting supplies necessary information to the management, basing on which decision are taken. Scope of management of accounting:. 1.Financi accounting. 2.Cost accounting. 3.Revaluatiom accounting. 4.Budgetary control.Managerial accounting produces information: a.to meet the needs of investors b.to meet the needs of external users c.that follows the rules of GAAP d.that is often focused on the future