Simply summarizing information but giving no indication

Assignment Help Accounting Basics

Reference no: EM13599206

1. Management accounting:
A) is both retrospective, providing feedback about past operations, and also prospective, incorporating forecasts and estimates about future events.
B) is primarily oriented to external stakeholders.
C) must be consistent with rules formulated by the Financial Accounting Standards Board (FASB).
D) provides information that is generally available only on a quarterly or annual basis.

2. Management accounting information is BEST described as:
A) providing a signal that something is wrong.
B) identifying and helping to explain what is wrong.
C) simply summarizing information, but giving no indication that anything is wrong.
D) measuring overall organizational performance.

Reference no: EM13599206

Questions Cloud

Identify and explain the reason for any two of the five : internal controls are required to safeguard assets and to ensure ethical business practices. identify and explain the

Schaefer company is in the process of adjusting and : schaefer company is in the process of adjusting and correcting its books at the end of 2010. the books are still open

Change the compensation of salespersons from fixed annual : gorham manufacturings sales slumped badly in 2012. for the first time in its history it operated at a loss. the

In reviewing the december 31 2011 inventory schaefer : in reviewing the december 31 2011 inventory schaefer discovered errors in its inventory-taking procedures that have

Simply summarizing information but giving no indication : 1. management accountinga is both retrospective providing feedback about past operations and also prospective

Schaefer company is in the process of adjusting and : schaefer company is in the process of adjusting and correcting its books at the end of 2010. the books are still open

How does the company intend to attract retain and deepen : 1. management accountinga is both retrospective providing feedback about past operations and also prospective

A credit memo in the bank statement indicated a bank : the bank account as a control device that helps to protect cash. one of the requirements is to conduct periodic bank

Winger corp sells a product for 5 per unit the fixed : 1.which one statement is true?a. one of the lessons learned from activity based costing is that all costs are really a

User Account

All Pages