The phase of accounting concerned with providing information to managers for use in panning and controlling...
The phase of accounting concerned with providing information to managers for use in panning and controlling operations and in decision making is called:
a. throughput time.
b. managerial accounting.
c. financial accounting.
d. controlling.
Homework Answers
The correct answer is b) managerial accounting
Explanation
The another name of managerial accounting is management accounting. It is an accounting technique which is used by manager and executive in decision making and planning and controlling various operations. It helps manager in various decisions like whether to manufacture a product or purchase it and it is also used whether the product should be sold at split off point or further process. Break even analysis and traget costing etc. are also part of managerial accounting.
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The phase of accounting concerned with providing information to
managers for use in panning and controlling...
Which of the following is the primary focus of financial accounting?
Which of the following is the primary focus of financial accounting?A) providing summarized information on operational results to investors and creditorsB) providing highly detailed information on product lines, regions, and divisionsC) providing information to managers to assist in planning, directing and controlling operationsD) providing information that managers need to make operational decisionsWhich of the following statements is true of managerial accounting?A) Managerial accounting information must comply with Generally Accepted Accounting Principles.B) The external stakeholders of a company are the primary...
Explain how managerial accounting helps managers in key areas of planning, controlling, and decision making. Give...
Explain how managerial accounting helps managers in key areas of planning, controlling, and decision making. Give examples with details of each area and state why these are relevant and important to a company's success or failure
As mentioned in Exhibit P-1 of our textbook, managerial accounting helps managers perform three vital activities...
As mentioned in Exhibit P-1 of our textbook, managerial
accounting helps managers perform three vital activities -
planning, controlling, and decision making. Write a brief 2-3 page
paper about your employer or a favorite business you personally
visit or are a patron (Starbucks, Netflix, Planet Fitness, etc.)
and discuss the risks they face in their industry that can
influence their planning, controlling, and decision-making
activities.
Include specific examples of threats for all three areas and
make suggestions for how they...
they are monitori company on track. i More Info Directing Creditors Managerial Managers Planning Stockholders Controlling...
they are monitori company on track. i More Info Directing Creditors Managerial Managers Planning Stockholders Controlling Financial Print Done st and then click Check Answer Check Clear All DOON Slatic) Match the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all Click the icon to view the terms.) Question Help a. Accounting systems that must follow GAAP. External parties for whom financid accounting reports are prepared....
1. Choose the answer that is not a distinguishing characteristic of financial accounting information. It is...
1. Choose the answer that is not a distinguishing characteristic of financial accounting information. It is global information that reflects the performance of the whole company. It is used primarily by internal users to facilitate decision making within the company. It is more concerned with financial data than physical or economic data. It is more highly regulated than managerial accounting information. 2. What types of businesses can use a job costing system? A. Manufacturing and merchandising businesses B....
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b)...
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. d) All of the above. Answer: D (2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved...
1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to...
1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. dl All of the above. Answer: _(2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved quality of products...
1. The field of accounting that focuses on providing information for external decision makers is: A)...
1. The field of accounting that focuses on providing information for external decision makers is: A) managerial accounting. B) financial accounting. C) cost accounting. D) nonmonetary accounting. 2. The matching principle states that: A) financial statements can be prepared for specific periods. B) a business's activities can be sliced into small time segments. C) all expenses should be recorded when they are incurred during the period. D) companies should record revenue when it has been earned. 3. ________ are the...
Managerial accounting differs from financial accounting in that financial accounting is
Managerial accounting differs from financial accounting in that financial accounting isa) More oriented toward the futureb) Primarily concerned with external financial reportingc) Related to nonquantitative informationd) Heavily involved with decision analysis and implementation of decisions
All of these internal management activities are part of managerial accounting except: Question 33 options: A)...
All of these internal management activities are part of managerial accounting except: Question 33 options: A) Controlling B) Planning C) Decision making D) Financial reporting to stockholders
As mentioned in Exhibit P-1 of our textbook, managerial
accounting helps managers perform three vital activities -
planning, controlling, and decision making. Write a brief 2-3 page
paper about your employer or a favorite business you personally
visit or are a patron (Starbucks, Netflix, Planet Fitness, etc.)
and discuss the risks they face in their industry that can
influence their planning, controlling, and decision-making
activities.
Include specific examples of threats for all three areas and
make suggestions for how they...
they are monitori company on track. i More Info Directing Creditors Managerial Managers Planning Stockholders Controlling Financial Print Done st and then click Check Answer Check Clear All DOON Slatic) Match the following terms to the appropriate statement. Some terms may be used more than once, and some terms may not be used at all Click the icon to view the terms.) Question Help a. Accounting systems that must follow GAAP. External parties for whom financid accounting reports are prepared....
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. d) All of the above. Answer: D (2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved...
1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. dl All of the above. Answer: _(2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved quality of products...
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