Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following management principles affects the management reporting system?

Accepted Answer

A)  formalization of tasks 
B)  authorization 
C)  span of control 
D)  all of the above 
A)  formalization of tasks 
B)  authorization 
C)  span of control 
D)  all of the above

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

An XBRL taxonomy:

Accepted Answer

A)  is the document format used to produce web pages. 
B)  is the final product (report). 
C)  is a classification scheme. 
D)  is a tag stored in each database record. 
E)  none of the above is true. 
A)  is the document format used to produce web pages. 
B)  is the final product (report). 
C)  is a classification scheme. 
D)  is a tag stored in each database record. 
E)  none of the above is true.

Question 5

An inventory out-of-stock report is an example of a programmed, on-demand report.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Which of the following performance measures cannot result in dysfunctional behavior?

Accepted Answer

A)  price variance 
B)  quotas 
C)  ROI 
D)  net income 
E)  all of the above can result in dysfunctional behavior 
A)  price variance 
B)  quotas 
C)  ROI 
D)  net income 
E)  all of the above can result in dysfunctional behavior

Question 8

How does management by exception help to alleviate information overload by a manager?

Accepted Answer

The principle of management by exception

Question 9

Discuss three control implications of XBRL

Accepted Answer

Control implications include:
Taxonomy C

Question 10

What is XBRL?

Accepted Answer

XBRL (Extensible Business Reporting Lang

Question 11

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

In most cases intangible decision criteria can be quantified.

Accepted Answer

A) True 
 B)False

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

Which of the following management principles affects the management reporting system?

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

An XBRL taxonomy:

An inventory out-of-stock report is an example of a programmed, on-demand report.

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

Which of the following performance measures cannot result in dysfunctional behavior?

How does management by exception help to alleviate information overload by a manager?

Discuss three control implications of XBRL

What is XBRL?

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

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

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

In most cases intangible decision criteria can be quantified.

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: Financial Reporting, and Management Reporting Systems

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

Which of the following management principles affects the management reporting system?

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

An XBRL taxonomy:

An inventory out-of-stock report is an example of a programmed, on-demand report.

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

Which of the following performance measures cannot result in dysfunctional behavior?

How does management by exception help to alleviate information overload by a manager?

Discuss three control implications of XBRL

What is XBRL?

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

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

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

In most cases intangible decision criteria can be quantified.

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