Management Accounting Places More Emphasis On Which Of The Following

Which of the following best describes the function of managerial accounting within an organization. The main objective of management accounting is to help the internal management.

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Management accounting has the following characteristics.

Management accounting places more emphasis on which of the following. 7 Which of the following best describes the function of managerial accounting within an organization. Managerial accounting is concerned with external decision makers. Which of the following concepts or techniques is are consistent with the JIT philosophy.

Which of the following statements is true when comparing managerial accounting to inancial accounting. Both rely on the same accounting information system. Managerial accounting places less emphasis on precisiontimeliness and more emphasis on precisiontimeliness than financial accounting.

Managerial accounting places more emphasis on precision than financial accounting. B It focuses on the organization as a whole rather than on the organizations segments. 7 A It places more emphasis on precision of data than financial accounting does.

Managerial accounting places less emphasis on Precision and more emphasis on Nonmonetary data than financial accounting. Both are highly dependent on timely information. B Management accounting must conform to GAAP.

A the flexibility of information. Compared to financial accounting managerial accounting places more emphasis on. Since precision is costly in terms of both time and resources managerial accounting places less emphasis on precision than does financial accounting.

All of the above. C Management accounting is more concerned with individual segments of. In management accounting no emphasis is given to the actual.

B the precision of information. It places more emphasis on precision. Emphasizes the past rather than the future 5.

Exercise 8 Ethics in Business Maria Reyes was hired by a popular fast-food restaurants as an order-taker and cashier. Correct answer no given 1-C 2. Managerial accounting places less emphasis on precision and more emphasis on timeliness of data than financial accounting does.

D both A and C above. C the timeliness of information. Prepares financial statements 3.

Provide more accurate product costs than traditional systems. In addition managerial accounting places considerable weight on non monitory data for example information about customer satisfaction is tremendous importance even though it would be difficult to express such data in monitory form. Managerial accounting is concerned with external decision.

A Management accounting places a great deal of emphasis on the future. Management accounting is a structure of decision making. Both are highly dependent on timely information.

Draws heavily from other disciplines such as economics and statistics 2. Draws from disciplines other than accounting. Managerial accounting places more emphasis on precision than financial accounting.

It concerns with the future data and not of the past it uses knowledge from different fields of disciplines its places more emphasis on timeliness and relevance than on accuracy and precision its information is segmentized and not wholistic it has no unifying equation its client is the management and not the general public and it is not governed by the. Government accounting is very complex that only highly intellectual individuals can understand it. Managerial accounting places less emphasis on precision and more emphasis on timeliness of data than financial accounting does.

311 Evaluates management information requirements. A the flexibility of information. Which of the following statements is true.

Both ABC and JIT. Is geared primarily to the past rather than the future. C the time liness of information.

Government accounting places more emphasis on profit-making. Place emphasis on simplification. Managerial accounting places more emphasis on precision than.

Management accounting analyze the effect of different variables on the profits and profitability of the concern. B the precision of information. View Answer Brighton Manufacturing is reviewing its.

Provides financial information to internal managers 4. Shortly after taking the job she was shocked to overhear an employee bragging a friend about shortchanging. C It is required by regulatory bodies such as the Ontario Securities Commission.

Both rely on the same accounting information system. Government accounting places greater emphasis on sources and utilization of funds in accordance with the law and managements stewardship over government resources entrusted to the. Places more emphasis on precision of data compared with financial accounting which does snot.

None of the above. Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future It focuses on the organization as a whole rather than on the. Both are highly dependent on timely information.

Is governed by generally accepted accounting principles. Compared to financial accounting managerial accounting places more emphasis on. For each of the following indicate whether it is identified primarily with management accounting or financial accounting.

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