descriptors refer management accounting information Management accounting includes

Which of the following descriptors refer to management accounting information

13) Which of the following descriptors refer to management accounting information?

Which of the following would be considered management accounting information?

Management accounting information includes all of the following EXCEPT:

Management accounting reports might include information about:

The person MOST likely to use management accounting information is a(n):

Which of the following is NOT a function of a management accounting system?

The person MOST likely to use ONLY financial accounting information is a:

21) Historically, management accounting innovations have been developed by:

In general, it was not until the 1970s that management accounting systems:

Financial accounting information:

The regulatory authority responsible for formulating rules of United States GAAP is:

Management accounting information is BEST described as:

4Question Three:Classify each cost item of Ripon Printers into one of the business functions of the valuechain, either (1) R&D, (2) design, (3) production, (4) marketing, (5) distribution, or (6)customer service.Item:a.cost of paper used in manufacture of books -productionb.cost of paper used in packing cartons to ship books -distributionc.cost of paper used in display at national trade show -marketingd.depreciation of trucks used to transport books to college bookstores-distributione.cost of the wood used to manufacture paper -productionf.salary of the scientists attempting to find another source of printing ink -R&Dg.cost of defining the book size so that a standard-sized box is filled to capacity-design

35) Describe management accounting and financial accounting.
Answer: Management accounting provides information to internal decision makers of the business such as top executives, managers, sales representatives, and production supervisors. Its purpose is to help managers predict and evaluate future results. Reports are generated often and usually broken down into smaller reporting divisions such as department or product line. There are no rules to be complied with since these reports are for internal use only. Management accounting embraces more extensively such topics as the development and implementation of strategies and policies, budgeting, special studies and forecasts, influence on employee behavior, and nonfinancial as well as financial information.

Financial accounting, by contrast, provides information to external decision makers such as investors and creditors. Its purpose is to present a fair picture of the financial condition of the company. Reports are generated quarterly or annually and report on the company as a whole. The financial statements must comply with GAAP (generally accepted accounting principles). A CPA audits, or verifies, that the GAAP are being followed.
Diff: 2
Terms: treasury
Objective: 1
AACSB: Reflective thinking

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Which of the following describes management accounting information?

MANAGEMENT ACCOUNTING (also called Managerial Accounting or Internal Accounting) - A field of accounting that provides economic and financial information for internal users, particularly the managers or decision makers in an organization. All the aforementioned management functions involve decision making.

Which of the following is referred to management accounting?

Explanation: Management accounting is one of the branches of accounting which is associated with the presentation of accounting data for use by management of a company. The data presented by management accounting is typically not available to outsiders such as investors and is used for internal planning and control.

Which of the following describes management accounting information quizlet?

a. 35) Describe management accounting and financial accounting. Answer: Management accounting provides information to internal decision makers of the business such as top executives, managers, sales representatives, and production supervisors. Its purpose is to help managers predict and evaluate future results.

What is descriptive of management accounting?

Management accountants analyze key financial information to optimize financial planning. They assist senior business managers with financial decision-making, prepare financial reports, and develop and implement strategies to reduce businesses' operational and production costs.

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