Question 1

Managerial accounting reports are prepared

Accepted Answer

A)  according to GAAP guidelines. 
B)  to meet the needs of decision makers within the firm. 
C)  for external users. 
D)  all of these are correct 
A)  according to GAAP guidelines. 
B)  to meet the needs of decision makers within the firm. 
C)  for external users. 
D)  all of these are correct

Question 2

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as decision making.

Accepted Answer

A) True 
 B)False

Question 3

List the different types of certifications that can be obtained by an accountant.

Accepted Answer

Certified Management Accountan

Question 4

Accountants that have a Certificate in Public Accounting (CPA):

Accepted Answer

A)  are the only accountants permitted to serve as external auditors. 
B)  must pass a national examination and be licensed by the state in which they practice. 
C)  may be held responsible to provide assurance concerning the reliability of a firm's financial statements. 
D)  all of these statements are true. 
A)  are the only accountants permitted to serve as external auditors. 
B)  must pass a national examination and be licensed by the state in which they practice. 
C)  may be held responsible to provide assurance concerning the reliability of a firm's financial statements. 
D)  all of these statements are true.

Managerial accounting reports are prepared

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as decision making.

List the different types of certifications that can be obtained by an accountant.

Accountants that have a Certificate in Public Accounting (CPA):

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

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Exam 1: Introduction to Managerial Accounting

Managerial accounting reports are prepared

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as decision making.

List the different types of certifications that can be obtained by an accountant.

Accountants that have a Certificate in Public Accounting (CPA):

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters