Question 1

Which of the following is not a report attribute needed to make a report effective?

Accepted Answer

A) relevance 
B) accuracy 
C) detailed 
D) exception orientation 
A) relevance 
B) accuracy 
C) detailed 
D) exception orientation

Question 2

The formalization of tasks principle suggests that management should structure the firm around the unique skills sets of key individuals.

Accepted Answer

A) True 
 B)False

Question 3

Using ROI as a performance measure is most appropriate for the manager of a

Accepted Answer

A) profit center 
B) cost center 
C) investment center 
D) merchandise control center 
A) profit center 
B) cost center 
C) investment center 
D) merchandise control center

Question 4

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

Accepted Answer

A) True 
 B)False

Question 5

Management reporting is often called discretionary reporting because,unlike financial reporting,it is not mandated.

Accepted Answer

A) True 
 B)False

Question 6

The management reporting system is a nondiscretionary system.

Accepted Answer

A) True 
 B)False

Question 7

Long-range planning involves

Accepted Answer

A) planning the marketing and promotion for a product 
B) presenting department heads with budgetary goals for the next year 
C) preparing a work force utilization budget for the next quarter 
D) deciding the optimum size of the firm 
A) planning the marketing and promotion for a product 
B) presenting department heads with budgetary goals for the next year 
C) preparing a work force utilization budget for the next quarter 
D) deciding the optimum size of the firm

Question 8

Which statement is not correct?

Accepted Answer

A) the post-closing trial balance reports the ending balance of each account in the general ledger 
B) one purpose of preparing the unadjusted trial balance is to ensure that debits equal credits 
C) financial statements are prepared based on the unadjusted trial balance 
D) the unadjusted trial balance reports control account balances but omits subsidiary ledger detail 
A) the post-closing trial balance reports the ending balance of each account in the general ledger 
B) one purpose of preparing the unadjusted trial balance is to ensure that debits equal credits 
C) financial statements are prepared based on the unadjusted trial balance 
D) the unadjusted trial balance reports control account balances but omits subsidiary ledger detail

Question 9

Operational control involves motivating managers at all levels to use resources,including materials,personnel,and financial assets,as productively as possible.

Accepted Answer

A) True 
 B)False

Question 10

Explain the three types of responsibility centers.

Accepted Answer

Cost centers are organizational units wi

Question 11

Which of the following is not an example of data security?

Accepted Answer

A) firewalls 
B) password control 
C) system audit trails 
D) volume controls 
A) firewalls 
B) password control 
C) system audit trails 
D) volume controls

Question 12

The verification model uses data mining to discover previously unknown information that is hidden in the data.

Accepted Answer

A) True 
 B)False

Question 13

All of the following concepts encourage goal congruence except

Accepted Answer

A) detailed information reporting 
B) authority 
C) formalization of tasks 
D) responsibility 
A) detailed information reporting 
B) authority 
C) formalization of tasks 
D) responsibility

Question 14

The most common means of making entries in the general ledger is via the journal voucher.

Accepted Answer

A) True 
 B)False

Question 15

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

Accepted Answer

A) True 
 B)False

Question 16

Describe the three elements of problem structure.Contrast a structured problem to an unstructured problem.Describe which levels of management typically deal with structured problems and with unstructured problems.

Accepted Answer

Problem structure has three elements: (1

Question 17

In most cases intangible decision criteria can be quantified.

Accepted Answer

A) True 
 B)False

Question 18

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

Accepted Answer

A manager's span of control is the numbe

Question 19

Which file has as its primary purpose to present comparative financial reports on a historic basis?

Accepted Answer

A) journal voucher history file 
B) budget master file 
C) responsibility file 
D) general ledger history file 
A) journal voucher history file 
B) budget master file 
C) responsibility file 
D) general ledger history file

Question 20

What account appears on the post-closing trial balance?

Accepted Answer

A) income summary 
B) machinery 
C) rent expense 
D) interest income 
A) income summary 
B) machinery 
C) rent expense 
D) interest income

Which of the following is not a report attribute needed to make a report effective?

The formalization of tasks principle suggests that management should structure the firm around the unique skills sets of key individuals.

Using ROI as a performance measure is most appropriate for the manager of a

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

Management reporting is often called discretionary reporting because,unlike financial reporting,it is not mandated.

The management reporting system is a nondiscretionary system.

Long-range planning involves

Which statement is not correct?

Operational control involves motivating managers at all levels to use resources,including materials,personnel,and financial assets,as productively as possible.

Explain the three types of responsibility centers.

Which of the following is not an example of data security?

The verification model uses data mining to discover previously unknown information that is hidden in the data.

All of the following concepts encourage goal congruence except

The most common means of making entries in the general ledger is via the journal voucher.

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

Describe the three elements of problem structure.Contrast a structured problem to an unstructured problem.Describe which levels of management typically deal with structured problems and with unstructured problems.

In most cases intangible decision criteria can be quantified.

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

Which file has as its primary purpose to present comparative financial reports on a historic basis?

What account appears on the post-closing trial balance?

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

Which of the following is not a report attribute needed to make a report effective?

The formalization of tasks principle suggests that management should structure the firm around the unique skills sets of key individuals.

Using ROI as a performance measure is most appropriate for the manager of a

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

Management reporting is often called discretionary reporting because,unlike financial reporting,it is not mandated.

The management reporting system is a nondiscretionary system.

Long-range planning involves

Which statement is not correct?

Operational control involves motivating managers at all levels to use resources,including materials,personnel,and financial assets,as productively as possible.

Explain the three types of responsibility centers.

Which of the following is not an example of data security?

The verification model uses data mining to discover previously unknown information that is hidden in the data.

All of the following concepts encourage goal congruence except

The most common means of making entries in the general ledger is via the journal voucher.

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

Describe the three elements of problem structure.Contrast a structured problem to an unstructured problem.Describe which levels of management typically deal with structured problems and with unstructured problems.

In most cases intangible decision criteria can be quantified.

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

Which file has as its primary purpose to present comparative financial reports on a historic basis?

What account appears on the post-closing trial balance?

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