Option D - Make Decisions
The finance department of a company generates a variety of financial information that is helpful in decision making, including:
Profit and Loss accounts providing details of whether the business is making efficient use of financial resources.
By providing a steady and up-to-date flow of information, a business is able to make appropriate decisions about:
Budgets are plans for the future. Managers are able to monitor budgets in order to spot variances and make ongoing adjustments to plans.Financial information provides invaluable statistics and evidence on which managers can make informed decisions and plans.
Owners and managers need financial information in order to Multiple Choice 0 | grant loans. issue...
Internal users of financial information for making decisions include: Multiple choice question. investors bankers managers creditors
Which of the following is not a cost of decentralization? Multiple Choice 0 Managers in a decentralized organization might have a narrow focus on their own unit's performance rather than the attainment of their organization's overall goals 0 O Managers in a decentralized organization might make the same types of decisions that are being made at headquarters resulting in administrative duplication 0 Delegating decision making to the lowest level possible enables an organization to respond in a timely way to...
Future financial managers will need to understand Multiple Choice All of the options are true. international cash flows. international currency hedging strategies. computerized funds transfers.
Which of the following is a true statement? Multiple Choice Expenses increase owners’ equity and decrease liabilities. Revenue decreases owners’ equity and expenses increase owners’ equity. Revenue increases owners’ equity and expenses decrease owners’ equity. Revenue decreases owners’ equity and increases liabilities. Which of the following statements is not true regarding the adoption of ASC Topic 606 guidance for revenue recognition? Multiple Choice When using the cumulative approach, the prior three years of financial statements need to be restated. Under...
The primary focus for financial accounting information is to provide information useful for: Investing decisionsCredit decisionsa.YesYesb.YesNoc.NoYesd.NoNoMultiple ChoiceInvesting decisions and credit decisions.Investing decisions but not credit decisions.Credit decisions but not investing decisions.Neither investing decisions nor credit decisions.
The four key users of financial statements are owners/managers, lenders, investors and governments. These users rely on financial statements to evaluate a company’s past financial performance as indicators in areas of profitability, liquidity, leverage, and efficiency; to create benchmarking matrixes; and to support future decision-making. Choose two companies in the same industry whose financial statements are available online. Complete several financial ratios for each company and compare them. Share your analysis and answer the following questions in a minimum of...
All of the following are external users of accounting information except: Multiple Choice human resource managers. customers. shareholders. lenders. Internal Revenue Service.
Loans made between borrowers and lenders are 1 Multiple Choice 84 nts liabilities to the lenders and assets to the borrowers since the borrower obtains the funds. assets to the lenders and liabilities of the borrowers since the promises are made to the lenders. not part of either parties' assets or liabilities until the loans are repaid liabilities to both the lenders and the borrowers. Financial intermediaries 2 Multiple Choice 2.94 points O can be banks, but not all financial...
All of the following are features of managerial accounting except Multiple Choice information is characterized by objectivity, reliability, consistency, and accuracy. information is reported continuously with a present or future orientation information includes economic and non-financial data as well as financial data. information is provided primarily to insiders such as managers
Consumers of Google and Facebook services are disadvantaged because: Multiple Choice a. consumers do not have accurate information to make decisions. b. potential competitors are unable to develop new competing technologies. c. consumers are given a service that is now free, but which will cost significant sums later. d. the data Google and Facebook collect on users is a barrier to entry to new competition.