Question 1

The plan in which an organization indicates how it will fulfill its goals is referred to as a ____________________.

Accepted Answer

The answer of The plan in which an organization indicates...

Question 2

The Institute of Management Accountants issues

Accepted Answer

A) Statements on Accounting Research for Managers. 
B) Statements on Management Accounting. 
C) Statements on Managerial and Cost Accounting. 
D) Cost Accounting Standards. 
A) Statements on Accounting Research for Managers. 
B) Statements on Management Accounting. 
C) Statements on Managerial and Cost Accounting. 
D) Cost Accounting Standards.

Question 3

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the:

Accepted Answer

A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective 
A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective

Question 4

Managerial accounting is most concerned with addressing the needs of the firm as a whole.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following areas is not addressed by an organization's mission statement?

Accepted Answer

A) the purpose for which the organization exists 
B) what the organization wants to accomplish 
C) the organization's strategic plan for fulfilling its mission 
D) how its products can uniquely meet the needs of its customers. 
A) the purpose for which the organization exists 
B) what the organization wants to accomplish 
C) the organization's strategic plan for fulfilling its mission 
D) how its products can uniquely meet the needs of its customers.

Question 6

The customer value perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Accepted Answer

A) True 
 B)False

Question 7

Financial accounting is most concerned with meeting the needs of external users.

Accepted Answer

A) True 
 B)False

Question 8

The balanced scorecard perspective that addresses concerns about organizational growth is the ____________________ perspective.

Accepted Answer

The answer of The balanced scorecard perspective that addresses concerns...

Question 9

Which ethical standard is violated when an accountant uses information from a financial statement he is preparing to advise a relative of a stock purchase?

Accepted Answer

A) Competence 
B) Confidentiality 
C) Integrity 
D) Credibility 
A) Competence 
B) Confidentiality 
C) Integrity 
D) Credibility

Question 10

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the:

Accepted Answer

A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective 
A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective

Question 11

Management and financial accounting are used for which of the following purposes?

Accepted Answer

A) internal external 
B) external internal 
C) internal internal 
D) external external 
A) internal external 
B) external internal 
C) internal internal 
D) external external

Question 12

The internal business perspective of the balanced scorecard addresses the things that an organization needs to do well to meet customer needs and expectations.

Accepted Answer

A) True 
 B)False

Question 13

Financial accounting

Accepted Answer

A) is primarily concerned with internal reporting. 
B) is more concerned with verifiable,historical information than is cost accounting. 
C) focuses on the parts of the organization rather than the whole. 
D) is specifically directed at management decision-making needs. 
A) is primarily concerned with internal reporting. 
B) is more concerned with verifiable,historical information than is cost accounting. 
C) focuses on the parts of the organization rather than the whole. 
D) is specifically directed at management decision-making needs.

Question 14

The customer value perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Accepted Answer

A) True 
 B)False

Question 15

Managerial accounting is most concerned with addressing the needs of individual departments of the firm.

Accepted Answer

A) True 
 B)False

Question 16

When an organization attempts to "adjust" its profits to meet a specific target,it is guilty of ______________________________.

Accepted Answer

The answer of When an organization attempts to "adjust" its...

Question 17

Cost accounting serves as a bridge between financial and managerial accounting.

Accepted Answer

A) True 
 B)False

Question 18

The organization whose primary function is to provide a means to share information among cost and management accountants in the United States is the

Accepted Answer

A) Internal Revenue Service. 
B) American Institute of CPAs. 
C) Institute of Management Accountants. 
D) Institute of Certified Management Accountants. 
A) Internal Revenue Service. 
B) American Institute of CPAs. 
C) Institute of Management Accountants. 
D) Institute of Certified Management Accountants.

Question 19

The expression of what an organization wishes to accomplish and how it will serve its customers is contained in the ______________________________.

Accepted Answer

The answer of The expression of what an organization wishes...

Question 20

The learning and growth perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Accepted Answer

A) True 
 B)False

The plan in which an organization indicates how it will fulfill its goals is referred to as a ____________________.

The Institute of Management Accountants issues

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the:

Managerial accounting is most concerned with addressing the needs of the firm as a whole.

Which of the following areas is not addressed by an organization's mission statement?

The customer value perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Financial accounting is most concerned with meeting the needs of external users.

The balanced scorecard perspective that addresses concerns about organizational growth is the ____________________ perspective.

Which ethical standard is violated when an accountant uses information from a financial statement he is preparing to advise a relative of a stock purchase?

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the:

Management and financial accounting are used for which of the following purposes?

The internal business perspective of the balanced scorecard addresses the things that an organization needs to do well to meet customer needs and expectations.

Financial accounting

The customer value perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Managerial accounting is most concerned with addressing the needs of individual departments of the firm.

When an organization attempts to "adjust" its profits to meet a specific target,it is guilty of ______________________________.

Cost accounting serves as a bridge between financial and managerial accounting.

The organization whose primary function is to provide a means to share information among cost and management accountants in the United States is the

The expression of what an organization wishes to accomplish and how it will serve its customers is contained in the ______________________________.

The learning and growth perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters

Exam 1: Introduction to Cost Accounting

The plan in which an organization indicates how it will fulfill its goals is referred to as a ____________________.

The Institute of Management Accountants issues

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the:

Managerial accounting is most concerned with addressing the needs of the firm as a whole.

Which of the following areas is not addressed by an organization's mission statement?

The customer value perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Financial accounting is most concerned with meeting the needs of external users.

The balanced scorecard perspective that addresses concerns about organizational growth is the ____________________ perspective.

Which ethical standard is violated when an accountant uses information from a financial statement he is preparing to advise a relative of a stock purchase?

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the:

Management and financial accounting are used for which of the following purposes?

The internal business perspective of the balanced scorecard addresses the things that an organization needs to do well to meet customer needs and expectations.

Financial accounting

The customer value perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Managerial accounting is most concerned with addressing the needs of individual departments of the firm.

When an organization attempts to "adjust" its profits to meet a specific target,it is guilty of ______________________________.

Cost accounting serves as a bridge between financial and managerial accounting.

The organization whose primary function is to provide a means to share information among cost and management accountants in the United States is the

The expression of what an organization wishes to accomplish and how it will serve its customers is contained in the ______________________________.

The learning and growth perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters