管理会计习题与答案1

1Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHallManagementAccounting,6e(Atkinsonetal.)Chapter1HowManagementAccountingInformationSupportsDecisionMakingObjective11)ManagementaccountingissubjecttotherulesformulatedbystandardsetterssuchastheFinancialAccountingStandardsBoard(FASB).Answer:FALSEExplanation:FinancialaccountingissubjecttotherulesoftheFASB.Diff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking2)Managementaccountinginformationisprimarilyorientedtoexternalstakeholders,suchasinvestors,creditors,regulators,andtaxauthorities.Answer:FALSEExplanation:Managementaccountinginformationisprimarilyorientedtomanagement.Diff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking3)TheInternationalAccountingStandardsBoardsetstheguidelinesusedformanagementaccounting.Answer:FALSEExplanation:FinancialaccountingmustbeconsistentwiththerulesoftheIASB.Diff:1Terms:InternationalAccountingStandardsBoardObjective:1AACSB:Reflectivethinking4)Agoodmanagementaccountingsystemcanbecomeasourceofcompetitiveadvantageforacompany.Answer:TRUEDiff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking5)Managementaccountinginformationissometimespredictiveandforwardlooking.Answer:TRUEDiff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking2Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHall6)Managementaccountinghasnoprescribedrulesaboutitscontent,howthecontentistobedeveloped,andhowthecontentistobepresented.Answer:TRUEDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking7)TheFederalAccountingStandardsAdvisoryBoardsetscostaccountingstandardsforallfederalgovernmentactivities.Answer:TRUEDiff:2Terms:GovernmentAccountingStandardsBoardObjective:1AACSB:Reflectivethinking8)Managementaccountingmeasurescanprovideadvancewarningsofproblems.Answer:TRUEDiff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking9)Informationaboutcustomersatisfactionisanexampleoffinancialinformation.Answer:FALSEExplanation:Informationaboutcustomersatisfactionisanexampleofnonfinancialinformation.Diff:1Terms:nonfinancialinformationObjective:1AACSB:Reflectivethinking10)ManagementaccountinginformationcanbeusedforallofthefollowingEXCEPT:A)calculatethecostofaproductorservice.B)evaluatetheperformanceofacompany.C)projectmaterialsneeds.D)evaluatethemarketpriceofthestock.Answer:DDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking3Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHall11)Whichofthefollowingtypesofinformationareusedinmanagementaccounting?A)financialinformationB)nonfinancialinformationC)informationfocusedonthelongtermD)Alloftheabovearecorrect.Answer:DDiff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking12)Managementaccounting:A)isbothretrospective,providingfeedbackaboutpastoperations,andalsoprospective,incorporatingforecastsandestimatesaboutfutureevents.B)isprimarilyorientedtoexternalstakeholders.C)mustbeconsistentwithrulesformulatedbytheFinancialAccountingStandardsBoard(FASB).D)providesinformationthatisgenerallyavailableonlyonaquarterlyorannualbasis.Answer:ADiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking13)Whichofthefollowingdescriptorsrefertomanagementaccountinginformation?A)Itisonlyretrospective,reportingandsummarizinginfinancialtermstheresultsofpastdecisionsandtransactions.B)Itisdrivenbyrules.C)Itispreparedforshareholders.D)Itisorientedtomeetingthedecisionmakingneedsofemployeesandmanagersinsidetheorganization.Answer:DDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking14)Whichofthefollowingwouldbeconsideredmanagementaccountinginformation?A)Budgetedproductionfortheyear2011.B)BudgetedBalanceSheet.C)Analysisoftrendinstockprices.D)Bothbudgetedproductionfortheyearof2011,andthebudgetedbalancesheet.Answer:DDiff:1Terms:managementaccountingObjective:1AACSB:Reflectivethinking4Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHall15)ManagementaccountinginformationincludesallofthefollowingEXCEPT:A)tabulatedresultsofcustomersatisfactionsurveys.B)thecostofproducingaproduct.C)thepercentageofunitsproducedthatisdefective.D)marketpriceofthestock.Answer:DDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking16)Managementaccountingreportsmightincludeinformationabout:A)customercomplaints.B)netincomefortheyearonbudgetedincomestatement.C)totalassetsonbudgetedbalancesheet.D)Alloftheabovearecorrect.Answer:DDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking17)ThepersonMOSTlikelytousemanagementaccountinginformationisa(n):A)bankerevaluatingacreditapplication.B)shareholderevaluatingastockinvestment.C)governmentaltaxingauthority.D)assemblydepartmentsupervisor.Answer:DDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking18)WhichofthefollowingisNOTafunctionofamanagementaccountingsystem?A)strategicdevelopmentB)financialreportingC)controlD)productcostingAnswer:BDiff:2Terms:managementaccountingObjective:1AACSB:Reflectivethinking5Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHall19)Financialaccount