Question 1

__________________________ refers to the number of subordinates directly under a manager's control.

Accepted Answer

Span of control

Question 2

All of the following are elements of problem structure except

Accepted Answer

A) certainty 
B) data 
C) procedures 
D) objectives 
A) certainty 
B) data 
C) procedures 
D) objectives A

Question 3

Which statement is not true?

Accepted Answer

A) Authority refers to an individual's obligation to achieve desired results. 
B) If an employee is given the responsibility for a task, that employee should be given authority to make decisions within the limits of that task. 
C) The level of detail provided to an employee is a function of the employee's position with the firm. 
D) All of the above are true. 
A) Authority refers to an individual's obligation to achieve desired results. 
B) If an employee is given the responsibility for a task, that employee should be given authority to make decisions within the limits of that task. 
C) The level of detail provided to an employee is a function of the employee's position with the firm. 
D) All of the above are true. A

Question 4

Which report is not an output of the financial reporting system (FRS)?

Accepted Answer

A) variance analysis report 
B) statement of cash flows 
C) tax return 
D) comparative balance sheet 
A) variance analysis report 
B) statement of cash flows 
C) tax return 
D) comparative balance sheet

Question 5

Many financial reports produced by organizations are nondiscretionary-publicly traded firms have no choice but to prepare income statements,tax returns,etc.Management reporting is often called discretionary reporting because it is not mandated,as is financial reporting.Is this a valid statement? Why or why not?

Accepted Answer

It can be argued that an effective MRS i

Question 6

Primary recipients of financial statement information are internal management.

Accepted Answer

A) True 
 B)False

Question 7

The decision to enter a new market is an example of

Accepted Answer

A) strategic planning 
B) tactical planning 
C) management control 
D) operational control 
A) strategic planning 
B) tactical planning 
C) management control 
D) operational control

Question 8

Short-range planning involves

Accepted Answer

A) setting goals and objectives of the firm 
B) planning the production schedule for the next quarter 
C) planning the growth of the firm 
D) deciding on the degree of diversification among the firm's products 
A) setting goals and objectives of the firm 
B) planning the production schedule for the next quarter 
C) planning the growth of the firm 
D) deciding on the degree of diversification among the firm's products

Question 9

What mechanism is used to convey to managers the standards by which their performance will be measured?

Accepted Answer

A) the responsibility report 
B) the scheduled report 
C) the budget 
D) all of the above 
A) the responsibility report 
B) the scheduled report 
C) the budget 
D) all of the above

Question 10

Discuss inappropriate performance measures and how to avoid them.

Accepted Answer

When inappropriate performance measures

Question 11

A report is said to have information content if it eliminates uncertainty associated with a problem facing the decision maker.

Accepted Answer

A) True 
 B)False

Question 12

Give an example of a management question that would require a verification model of data mining.

Accepted Answer

Any example that shows that the manager'

Question 13

A firm using a wide span of control tends to have relatively more layers of management.

Accepted Answer

A) True 
 B)False

Question 14

Identify the primary risks to a firm's strategic (big)data and discuss at least four techniques to maintain data security.

Accepted Answer

The primary risks to a firm's strategic

Question 15

List and explain the six basic files in the general ledger database.

Accepted Answer

The general ledger master file is the ma

Question 16

Which statement is not true? The manager's span of control

Accepted Answer

A) is narrow for routine and repetitive tasks 
B) is related to the number of layers of management 
C) affects the amount of detail provided to a manager 
D) can affect employee morale and motivation 
A) is narrow for routine and repetitive tasks 
B) is related to the number of layers of management 
C) affects the amount of detail provided to a manager 
D) can affect employee morale and motivation

Question 17

What is the XBRL taxonomy?

Accepted Answer

XBRL taxonomies are classifica

Question 18

A fundamental principle of responsibility accounting is that

Accepted Answer

A) managers are accountable only for items they control 
B) a manager's span of control should not exceed eight people 
C) structured reports should be prepared weekly 
D) the information flow is in one direction, top-down 
A) managers are accountable only for items they control 
B) a manager's span of control should not exceed eight people 
C) structured reports should be prepared weekly 
D) the information flow is in one direction, top-down

Question 19

What is XBRL?

Accepted Answer

XBRL (Extensible Business Reporting Lang

Question 20

The journal voucher is the document that authorizes entries to be made to the general ledger.

Accepted Answer

A) True 
 B)False

__________________________ refers to the number of subordinates directly under a manager's control.

All of the following are elements of problem structure except

Which statement is not true?

Which report is not an output of the financial reporting system (FRS)?

Primary recipients of financial statement information are internal management.

The decision to enter a new market is an example of

Short-range planning involves

What mechanism is used to convey to managers the standards by which their performance will be measured?

Discuss inappropriate performance measures and how to avoid them.

A report is said to have information content if it eliminates uncertainty associated with a problem facing the decision maker.

Give an example of a management question that would require a verification model of data mining.

A firm using a wide span of control tends to have relatively more layers of management.

Identify the primary risks to a firm's strategic (big)data and discuss at least four techniques to maintain data security.

List and explain the six basic files in the general ledger database.

Which statement is not true? The manager's span of control

What is the XBRL taxonomy?

A fundamental principle of responsibility accounting is that

What is XBRL?

The journal voucher is the document that authorizes entries to be made to the general ledger.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters

Exam 8: Financial Reporting,and Management Reporting Systems

__________________________ refers to the number of subordinates directly under a manager's control.

All of the following are elements of problem structure except

Which statement is not true?

Which report is not an output of the financial reporting system (FRS)?

Primary recipients of financial statement information are internal management.

The decision to enter a new market is an example of

Short-range planning involves

What mechanism is used to convey to managers the standards by which their performance will be measured?

Discuss inappropriate performance measures and how to avoid them.

A report is said to have information content if it eliminates uncertainty associated with a problem facing the decision maker.

Give an example of a management question that would require a verification model of data mining.

A firm using a wide span of control tends to have relatively more layers of management.

Identify the primary risks to a firm's strategic (big)data and discuss at least four techniques to maintain data security.

List and explain the six basic files in the general ledger database.

Which statement is not true? The manager's span of control

What is the XBRL taxonomy?

A fundamental principle of responsibility accounting is that

What is XBRL?

The journal voucher is the document that authorizes entries to be made to the general ledger.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters