The controller's staff often consists of several management accountants. All of the following would most likely be on the controller's staff except Oa. cost accountants Ob. investments and shareholder relations managers Oc. budget analysts Od. general accountants
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- When managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting frameworkManagement accountants are generally responsible for: Select one: O A. Detailed financial planning OB. Identifying problems within the business firm by way of variances O C. Designing and modifying the business' accounting information system O D. All of the aboveThe 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.
- Which phrase best describes the current role of the managerial accountant? Managerial accountants prepare the financial statements for an organization. а. b. Managerial accountants facilitate the decision-making process within an organization. с. Managerial accountants make the key decisions within an organization. d. Managerial accountants are primarily information collectors. Managerial Accountants are solely staff advisors in an organization e.Assume that you are appointed as a management accountant of Maxwell inc. You have to collect data on competitors and their products, price, features, satisfaction level and their needs. As a management accountant compile the collected information and analyze whom the report should be presented ? a . Middle management b . Operating management C. All of these O d . Top managementAssume that you are appointed as a management accountant of Maxwell inc. You have to collect data on competitors and their products, price, features, satisfaction level and their needs. As a management accountant compile the collected information and analyse whom the report should be presented? a. Top management b. Operating management c. Middle management d. All of these
- Select all that apply Which of the following parties would be more interested in managerial accounting data than in financial accounting data? (Check all that apply.) Multiple select question. VP of Business Planning Controller Shareholders Production ManagerOne of the primary goals of managerial accounting is to provide day to day information to individuals from the following groups, except: Question 12 options: a. board of directors b. lower level managers c. internal decision-makers. d. upper level managersPLEASE ANSWER ALL 10. Which of the following does the planning function involve?a. Analyzing financial statementsb. Setting goals and objectives for an entityc. Hiring the right people for a particular jobd. Coordinating the accounting information system 11. The ethical standards established for management accountant are in the areas ofa. Competence, licensing, reporting, and education.b. Budgeting, cost allocation, product costing, and insider trading.c. Competence, confidentiality, integrity, and objectivity.d. Disclosure, communication, decision making, and planning. 12. Management accountinga. Must follow generally accepted principles.b. Information should be developed within the same general accounting system asfinancial accounting.c. Deals primarily with the needs of parties external to the firm such as investors and creditors.d. Is just another financial term.
- Which would normally occupy a line position? a. staff accountantb. treasurerc. accounting managerd. vice-president of marketingThe objectives of management accounting is to assist management in the process of planning, control and decision-making. What are the techniques by which the management accountant can achieve the above objectives ? And discuss.Include examples of the type of information and reports the management accountant can provide.