Question 1

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 2

The internal business perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

Accepted Answer

A) True 
 B)False

Question 3

An organization's profitability is an example of a lag indicator.

Accepted Answer

A) True 
 B)False

Question 4

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

Accepted Answer

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

Question 5

List and explain the four Perspective of the balanced scorecard (BSC).

Accepted Answer

Learning and growth perspective--Focuses

Question 6

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

Question 7

Core competencies are not

Accepted Answer

A)  internal functions crucial to the success and survival of a company. 
B)  attributes that keep a firm from competing. 
C)  different for every organization. 
D)  considered influences on corporate strategies. 
A)  internal functions crucial to the success and survival of a company. 
B)  attributes that keep a firm from competing. 
C)  different for every organization. 
D)  considered influences on corporate strategies.

Question 8

What are the functions of a mission statement?

Accepted Answer

The mission statement expresses:
1. the

Question 9

The balanced scorecard perspective that addresses concerns about organizational growth 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 10

Financial accounting is highly regulated by rules and regulations.

Accepted Answer

A) True 
 B)False

Question 11

In a global economy,

Accepted Answer

A)  the trade of goods and services is focused on trade between or among countries on the same continent. 
B)  the international movement of labor is prohibited except for multilingual persons. 
C)  the international flows of capital and information are common. 
D)  all of the above happen in a global economy. 
A)  the trade of goods and services is focused on trade between or among countries on the same continent. 
B)  the international movement of labor is prohibited except for multilingual persons. 
C)  the international flows of capital and information are common. 
D)  all of the above happen in a global economy.

Question 12

Which ethical standard has been violated if an accountant fails to disclose relevant information pertaining to a financial statement?

Accepted Answer

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

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

The learning and growth perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

Accepted Answer

A) True 
 B)False

Question 15

Management accounting

Accepted Answer

A)  is more concerned with the future than is financial accounting. 
B)  is less concerned with segments of a company than is financial accounting. 
C)  is more constrained by rules and regulations than is financial accounting. 
D)  all of the above are true. 
A)  is more concerned with the future than is financial accounting. 
B)  is less concerned with segments of a company than is financial accounting. 
C)  is more constrained by rules and regulations than is financial accounting. 
D)  all of the above are true.

Question 16

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations:

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 17

Which ethical standard is violated by an accountant who accepts a gift from a client

Accepted Answer

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

Question 18

Managerial accounting is most concerned with meeting the needs of internal users.

Accepted Answer

A) True 
 B)False

Financial accounting

The internal business perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

An organization's profitability is an example of a lag indicator.

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

List and explain the four Perspective of the balanced scorecard (BSC).

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

Core competencies are not

What are the functions of a mission statement?

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

Financial accounting is highly regulated by rules and regulations.

In a global economy,

Which ethical standard has been violated if an accountant fails to disclose relevant information pertaining to a financial statement?

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

The learning and growth perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

Management accounting

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations:

Which ethical standard is violated by an accountant who accepts a gift from a client

Managerial accounting is most concerned with meeting the needs of internal users.

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

Financial accounting

The internal business perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

An organization's profitability is an example of a lag indicator.

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

List and explain the four Perspective of the balanced scorecard (BSC).

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

Core competencies are not

What are the functions of a mission statement?

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

Financial accounting is highly regulated by rules and regulations.

In a global economy,

Which ethical standard has been violated if an accountant fails to disclose relevant information pertaining to a financial statement?

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

The learning and growth perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

Management accounting

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations:

Which ethical standard is violated by an accountant who accepts a gift from a client

Managerial accounting is most concerned with meeting the needs of internal users.

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