The value chain is a managerial accounting tool that primarily assists in the valuation of assets.
True or False
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Statement is FALSE : The value chain is a managerial accounting tool that primarily assists in the valuation of assets.
Value chain include series of activites which business or corporate apply to create the value of its product or service to the customer..
The value chain is a managerial accounting tool that primarily assists in the valuation of assets....
Investors primarily use managerial accounting information for decision-making purposes. True False
Chapter 18 Introduction to Managerial Accounting Directed Reading Guide Why is managerial accounting important? Identify as a focus of Managerial (M) or Financial (F) accounting: Primarily for internal users ______ Primarily for external users ______ Follows GAAP rules ______ Summary reports of the entire company ______ Concerned about how reports will affect employee behavior ______ Managers need information for? How are costs classified? Manufacturing (product) costs categories are: materials labor overhead __________________ combines direct materials and direct labor. __________________ combines...
Classify the following activities as primarily managerial accounting or financial accounting a Preparing a cash budget for the next quarter Analyzing the profitability of a request from a potential customer Accumulating the transactions for the previous six months to prepare an income statement d Preparing a weekly performance report for the branch manager Preparing an announcement to be released to the financial analysts
Ttue/False Questions (1 point each) Circle One 1. The value chain comprises activities from research and des production process, but does not include activities related Id development through the or services Clated to the distribution of products True False 2. Cost information used for one managerial decision could be irrelevant for anot managerial decision. True False inting information to be comparable between firms 3. It is more important for financial accounting information to be comparab than to be useful for...
Which of the following statements is true about managerial accounting?It pertains to a business as a whole.It provides more detailed information than financial accounting does.It must be prepared using generally accepting accounting principles.It is primarily for internal users such as stockholders and managers.
Which of the following statements is not true about managerial accounting?It is highly aggregated.It is primarily for internal users such as officers and managers.It does not require an audit by a CPA.Reports are generated as needed.
Chapter 2 - Review Flashcards Financial & Managerial Accounting: Information for Decisions, 8e INOMA | 3 of 35 Concepts completed True or False Question True or false: Assets are claims (by creditors) against the company O True O False Confidence Level Rate your confidence to submit your answer. High Medium Low
Managerial accounting is primarily focused onSelect one:A. following generally accepted accounting principles.B. providing internal special-purpose information and reports.C. providing information for internal and external users.D. providing general purpose financial statements.Which of the following phrases is most descriptive of financial accounting?Select one:A. Subject to cost-benefit analysisB. Future-orientedC. Follows GAAPD. May measure time or customer satisfactionWhich of the following phrases is primarily relevant to managerial accounting as opposed to financial accounting?Select one:A. Helping managers make decisionsB. Summarizing information about past eventsC. Calculating...
Exercise 19-1Richard Larkin has prepared the following list of statements about managerial accounting and financial accounting. Identify each statement as true or false.1. Financial accounting focuses on providing information to internal users.2. Analyzing cost-volume-profit relationships is part of managerial accounting.3. Preparation of budgets is part of financial accounting.4. Managerial accounting applies only to merchandising and manufacturing companies.5. Both managerial accounting and financial accounting deal with many of the same economic events.6. Managerial accounting reports are prepared only quarterly and annually.7....
True or False: In managerial accounting, to say that a cost is "fixed" means that it does not change from one period to the next.