The term strategic management accounting involves: Select one: O A. The identification, measurement and communication of cost data in all those situations where the organisation is being judged against the performance of competitors O B. The identification of inefficient internal operations OC. The preparation of historic financial accounts O D. a) and b) above

The term strategic management accounting involves: Select one: O A. The identification, measurement and communication of cost data in all those situations where the organisation is being judged against the performance of competitors O B. The identification of inefficient internal operations OC. The preparation of historic financial accounts O D. a) and b) above

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 6MCQ: An effective managerial accounting system should track information about an organizations activities...

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An important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.
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Management accounting: emphasizes special-purpose information relates to the company as a whole is limited to strictly cost figures is controlled by GAAP
What is the purpose of management accounting?
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Which of the following is NOT one of the definitions of Management Accounting? Select one: a. Any form of accounting which enables a' business to be conducted more efficiently b. The process of identification, measurement, accumulation, analysis, preparation and communication of financial information used by management to plan evaluate and control within the organisation and to assure appropriate use and accountability for its resources c. A system of collection and presentation of relevant economic information relating to an enterprise for planning, controlling and decision making d. An information system which provides information to the external users of financial information.
Which of the following is the principal reason for preparing managerial accounting reports? a.GAAP b.clarity c.usefulness to management d.cost of preparation