A) comparing actual performance against targets B) setting objectives and formulating plans for future operations C) measuring the performance of managers against preset targets D) motivating managers towards achieving organisational goals A) comparing actual performance against targets B) setting objectives and formulating plans for future operations C) measuring the performance of managers against preset targets D) motivating managers towards achieving organisational goals

Exam 1: Management Accounting: Information for Creating Value and Managing Resources

Which of the following are ethical standards for management accountants? i. Competence ii. Objectivity iii. Confidentiality iv. Integrity

(Multiple Choice)

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Question 21

The benefits of management accounting information include:

(Multiple Choice)

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Question 22

The largest professional organisation for management accountants in Australia is the:

(Multiple Choice)

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Question 23

Part of the planning process involves:

(Multiple Choice)

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Question 24

Which of the following statements is correct?

(Multiple Choice)

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Question 25

Which of the following statement/s is/are false? Management accountants should: i. help in the provision of physical data to managers. ii. be included in the management of information systems. iii. present their information in monetary terms only. iv. help to ensure effective interdepartmental communications.

(Multiple Choice)

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Question 26

Which of the following is the most logical sequence for a commencing organisation?

(Multiple Choice)

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Question 27

Animus Ltd is a mining company. Which of the following is an example of a business strategy decision?

(Multiple Choice)

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Question 28

Which of the following is necessary for management accounting information to be useful?

(Multiple Choice)

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Question 29

Animus Ltd is a mining company. Which of the following is an example of a decision relating to formulating Animus Ltd's corporate strategy?

(Multiple Choice)

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Question 30

Animus Ltd is a mining company. Which of the following is an example of 'planning'?

(Multiple Choice)

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Question 31

Planning is:

(Multiple Choice)

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Question 32

List and define four ethical standards that are part of the IFAC's Code of Professional Conduct.

(Essay)

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Question 33

Which of the following statements regarding the competence of an accountant is true? The accountant must:

(Multiple Choice)

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Question 34

Animus Ltd is a mining company operating in Australia. The company has recently developed a new environmental management accounting system. According to institutional theory:

(Multiple Choice)

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Question 35

The systems and procedures implemented to provide regular information to assist with control are called control systems.

(True/False)

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Question 36

A strategy is: i. another name for a long-term objective ii. the same as an objective iii. a means by which an organisation plans to meet its mission and achieve its objectives

(Multiple Choice)

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Question 37

Which of the following statement/s about management accounting is/are true? i. It is concerned only with information obtained from the accounting records. ii. It is concerned with financial and non-financial information. iii. It can provide information useful for making decisions.

(Multiple Choice)

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Question 38

Which of the following statements is an element of confidentiality? i. Accountants must not disclose information acquired in the course of their work. ii. Accountants must disclose information if there is a professional duty to do so. iii. Accountants may not use information gained in the course of their work for their own or another's personal advantage.

(Multiple Choice)

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Question 39

Which of the following statements is correct?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 67

Which of the following are ethical standards for management accountants? i. Competence ii. Objectivity iii. Confidentiality iv. Integrity

The benefits of management accounting information include:

The largest professional organisation for management accountants in Australia is the:

Part of the planning process involves:

Which of the following statements is correct?

Which of the following is the most logical sequence for a commencing organisation?

Animus Ltd is a mining company. Which of the following is an example of a business strategy decision?

Which of the following is necessary for management accounting information to be useful?

Animus Ltd is a mining company. Which of the following is an example of a decision relating to formulating Animus Ltd's corporate strategy?

Animus Ltd is a mining company. Which of the following is an example of 'planning'?

Planning is:

List and define four ethical standards that are part of the IFAC's Code of Professional Conduct.

Which of the following statements regarding the competence of an accountant is true? The accountant must:

Animus Ltd is a mining company operating in Australia. The company has recently developed a new environmental management accounting system. According to institutional theory:

The systems and procedures implemented to provide regular information to assist with control are called control systems.

A strategy is: i. another name for a long-term objective ii. the same as an objective iii. a means by which an organisation plans to meet its mission and achieve its objectives

Which of the following statement/s about management accounting is/are true? i. It is concerned only with information obtained from the accounting records. ii. It is concerned with financial and non-financial information. iii. It can provide information useful for making decisions.

Which of the following statements is correct?

Management Accounting: Cost Terms and Concepts

Cost Behaviour, Cost Drivers and Cost Estimation

Product Costing Systems

Process Costing and Operation Costing

Service Costing

A Closer Look at Overhead Costs

Activity-Based Costing

Budgeting Systems

Standard Costs for Control: Direct Material and Direct Labour

Standard Costs for Control: Flexible Budgets and Manufacturing Overhead

Managing and Reporting Performance

Financial Performance Measures and Incentive Schemes

Strategic Performance Measurement Systems

Managing Suppliers and Customers

Managing Costs and Quality

Sustainability and Management Accounting

Cost Volume Profit Analysis

Information for Decisions: Relevant Costs and Benefits

Pricing and Product Mix Decisions

Information for Capital Expenditure Decisions

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