Question 1

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

Accepted Answer

The answer of __________________________ refers to the number of subordinates...

Question 2

For reports to be useful they must have information content.Describe a reporting objective which gives reports information content.

Accepted Answer

Reports must reduce the level

Question 3

The responsibility center file is primarily used by the Financial Reporting System.

Accepted Answer

A) True 
 B)False

Question 4

Discuss three audit implications of XBRL

Accepted Answer

Audit implications include: Taxonomy Cre

Question 5

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 6

List two duties that the general ledger clerk should not perform.

Accepted Answer

make entries in special journa

Question 7

The difference between the actual performance and the standard is called the __________________________.

Accepted Answer

The answer of The difference between the actual performance and...

Question 8

The manager of a cost center is responsible for cost control and revenue generation.

Accepted Answer

A) True 
 B)False

Question 9

Which statement is not true? Responsibility accounting

Accepted Answer

A)  involves both a top-down and bottom-up flow of information 
B)  acknowledges that some economic events cannot be traced to any manager 
C)  creates a budget 
D)  compares actual performance with budget 
A)  involves both a top-down and bottom-up flow of information 
B)  acknowledges that some economic events cannot be traced to any manager 
C)  creates a budget 
D)  compares actual performance with budget

Question 10

In contrast to tactical planning decisions,management control decisions,and operational control decisions,strategic planning decisions usually

Accepted Answer

A)  are more focused 
B)  have a shorter time frame 
C)  are unstructured 
D)  have a high degree of certainty 
A)  are more focused 
B)  have a shorter time frame 
C)  are unstructured 
D)  have a high degree of certainty

Question 11

In most cases intangible decision criteria can be quantified.

Accepted Answer

A) True 
 B)False

Question 12

Responsibility refers to an individual's obligation to achieve desired results.

Accepted Answer

A) True 
 B)False

Question 13

A principle of responsibility accounting is that managers are responsible for controllable and uncontrollable costs.

Accepted Answer

A) True 
 B)False

Question 14

What are the major exposures in the general ledger/financial reporting system?

Accepted Answer

The primary exposures are: a defective o

Question 15

What is a data warehouse?

Accepted Answer

A data warehouse is a relational databas

Question 16

How does the Management by Exception principle affect the Management Reporting System?

Accepted Answer

Reports should focus on differences betw

Question 17

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 18

Describe at least three characteristics of strategic planning decisions and their information requirements.

Accepted Answer

have long time frames-create a need for

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

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

For reports to be useful they must have information content.Describe a reporting objective which gives reports information content.

The responsibility center file is primarily used by the Financial Reporting System.

Discuss three audit implications of XBRL

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

List two duties that the general ledger clerk should not perform.

The difference between the actual performance and the standard is called the __________________________.

The manager of a cost center is responsible for cost control and revenue generation.

Which statement is not true? Responsibility accounting

In contrast to tactical planning decisions,management control decisions,and operational control decisions,strategic planning decisions usually

In most cases intangible decision criteria can be quantified.

Responsibility refers to an individual's obligation to achieve desired results.

A principle of responsibility accounting is that managers are responsible for controllable and uncontrollable costs.

What are the major exposures in the general ledger/financial reporting system?

What is a data warehouse?

How does the Management by Exception principle affect the Management Reporting System?

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

Describe at least three characteristics of strategic planning decisions and their information requirements.

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

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.

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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters

Exam 8: General Ledger,financial Reporting,and Management Reporting Systems

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

For reports to be useful they must have information content.Describe a reporting objective which gives reports information content.

The responsibility center file is primarily used by the Financial Reporting System.

Discuss three audit implications of XBRL

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

List two duties that the general ledger clerk should not perform.

The difference between the actual performance and the standard is called the __________________________.

The manager of a cost center is responsible for cost control and revenue generation.

Which statement is not true? Responsibility accounting

In contrast to tactical planning decisions,management control decisions,and operational control decisions,strategic planning decisions usually

In most cases intangible decision criteria can be quantified.

Responsibility refers to an individual's obligation to achieve desired results.

A principle of responsibility accounting is that managers are responsible for controllable and uncontrollable costs.

What are the major exposures in the general ledger/financial reporting system?

What is a data warehouse?

How does the Management by Exception principle affect the Management Reporting System?

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

Describe at least three characteristics of strategic planning decisions and their information requirements.

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

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.

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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters