Question 1

Which of the following are management accounting responses to the changing business environment?

Accepted Answer

A)  Activity-based costing. 
B)  E-commerce. 
C)  Supplier cost analysis. 
D)  A and 
A)  Activity-based costing. 
B)  E-commerce. 
C)  Supplier cost analysis. 
D)  A and

Question 2

Staff management and line management both have indirect responsibilities to the operations of an organisation.

Accepted Answer

A) True 
 B)False

Question 3

The focus of management accounting over time has changed. Which is the correct historical order for the following foci?
i. Cost
ii. Profitability
iii. Resource management
iv. Waste reduction

Accepted Answer

A)  i, ii, iii and iv 
B)  ii, iii, i and iv 
C)  i, ii, iv and iii 
D)  i, iii, iv and ii 
A)  i, ii, iii and iv 
B)  ii, iii, i and iv 
C)  i, ii, iv and iii 
D)  i, iii, iv and ii

Question 4

Explain how the management accountant, with the use of computer technology, can provide information that will be useful for the management and control of operational tasks.

Accepted Answer

With the aid of computers, management ac

Question 5

Both financial and management accounting:

Accepted Answer

A)  draw on data from the organisation's basic information system. 
B)  provide information for external users. 
C)  must comply with Australian accounting standards. 
D)  rely exclusively on historical data. 
A)  draw on data from the organisation's basic information system. 
B)  provide information for external users. 
C)  must comply with Australian accounting standards. 
D)  rely exclusively on historical data.

Question 6

If a firm's senior management decide to follow a differentiation strategy, their focus should be to NOT concentrate on:

Accepted Answer

A)  product quality. 
B)  product delivery. 
C)  product innovation. 
D)  product costs. 
A)  product quality. 
B)  product delivery. 
C)  product innovation. 
D)  product costs.

Question 7

'Control' involves:

Accepted Answer

A)  formulating details of operations and finances for the next financial year 
B)  comparing actual performance against targets 
C)  deciding whether to expand activities 
D)  All of the given answers 
A)  formulating details of operations and finances for the next financial year 
B)  comparing actual performance against targets 
C)  deciding whether to expand activities 
D)  All of the given answers

Which of the following are management accounting responses to the changing business environment?

Staff management and line management both have indirect responsibilities to the operations of an organisation.

The focus of management accounting over time has changed. Which is the correct historical order for the following foci? i. Cost ii. Profitability iii. Resource management iv. Waste reduction

Explain how the management accountant, with the use of computer technology, can provide information that will be useful for the management and control of operational tasks.

Both financial and management accounting:

If a firm's senior management decide to follow a differentiation strategy, their focus should be to NOT concentrate on:

'Control' involves:

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

Filters

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

Which of the following are management accounting responses to the changing business environment?

Staff management and line management both have indirect responsibilities to the operations of an organisation.

The focus of management accounting over time has changed. Which is the correct historical order for the following foci? i. Cost ii. Profitability iii. Resource management iv. Waste reduction

Explain how the management accountant, with the use of computer technology, can provide information that will be useful for the management and control of operational tasks.

Both financial and management accounting:

If a firm's senior management decide to follow a differentiation strategy, their focus should be to NOT concentrate on:

'Control' involves:

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

Filters