In the context of managerial accounting, relevant information is information that will make a difference in...
- In the context of managerial accounting, relevant information
- is information that will make a difference in the decision.
- is information that has been provided by the controller.
- must be provided in quantitative terms.
- must be reviewed by the chief financial officer before being provided to managers.
- Good managerial accounting information helps
- creditors decide on good credit risks.
- managers to do their jobs.
- stockholders make informed investment decisions.
- creditors assess liquidity.
- Which of the following is a characteristic of managerial
accounting reports?
- Managerial accounting reports are designed to provide the internal decision-makers with the appropriate information.
- Managerial accounting reports require compliance with a particular format.
- Managerial accounting reports are distributed to the general public.
- Managerial accounting reports are used by investors.
- The information provided by managerial accountants is not
distributed to the general public because to do so
- could provide competitors with vital information about corporate strategies and capabilities.
- would be against the Institute of Management Accountants’ code of conduct.
- would be against generally accepted accounting principles.
- would violate federal trade laws.
- Long-term planning is often referred to as
- strategic planning.
- operational planning.
- goal-oriented planning.
- external planning.
Homework Answers
1. Option ,is information that will make a difference in the decision.
2. Option, managers to do their jobs
3. Option ,Managerial accounting reports are designed to provide the internal decision-makers with the appropriate information.
4. Option ,could provide competitors with vital information about corporate strategies and capabilities.
5. Option, strategic planning.
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paper about your employer or a favorite business you personally
visit or are a patron (Starbucks, Netflix, Planet Fitness, etc.)
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Include specific examples of threats for all three areas and
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