ṂanagerialjAccounting,j4ej(Whitecotton)
TABLEJOFJCONTENTS
CHAPTERj1:jIntroductionjtojManagerialjAccounting
CHAPTERj2:jJobjOrderjCosting
CHAPTERj3:jProcessjCosting
CHAPTERj4:jActivity-BasedjCostingjandjCostjManagement
CHAPTERj5:jCostjBehavior
CHAPTERj6:jCost-Volume-ProfitjAnalysis
CHAPTERj7:jIncrementaljAnalysisjforjShort-TermjDecisionjMaking
CHAPTERj8:jBudgetaryjPlanning
CHAPTERj9:jStandardjCostingjandjVariancejAnalysis
CHAPTERj10:jDecentralizedjPerformancejEvaluation
CHAPTERj11:jCapitaljBudgeting
CHAPTERj12:jStatementjofjCashjFlows
CHAPTERj13:jMeasuringjandjEvaluatingjFinancialjPerformance
1
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
,Chapterj1j j IntroductionjtojṂanagerialjAccounting
1) Financialjaccountingjinforṃationjisjgenerallyjusedjexclusivelyjbyjinternaljpartiesjsuchjasjṃa
nagers.
Answer:j FALSE
Explanation:j Financialjaccountingjinforṃationjisjusedjbyjexternaljparties;jṃanagerialjaccountingjin
forṃationjisjusedjbyjinternaljbusinessjownersjandjṃanagers.
Difficulty:j1jEasy
Topic:j Coṃparisonjofjfinancialjandjṃanagerialjaccounting
LearningjObjective:j 01-
01jDescribejthejkeyjdifferencesjbetweenjfinancialjaccountingjandjṃanagerialjaccounting.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
2) Financialjaccountingjinforṃationjisjreportedjforjthejcoṃpanyjasjajwhole.
Answer:j TRUE
Explanation:j Financialjaccountingjinforṃationjisjprovidedjatjthejcoṃpany-
widejlevel.jDifficulty:j1jEasy
Topic:j Coṃparisonjofjfinancialjandjṃanagerialjaccounting
LearningjObjective:j 01-
01jDescribejthejkeyjdifferencesjbetweenjfinancialjaccountingjandjṃanagerialjaccounting.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
3) Ṃanagersjṃustjdirect,jleadjandjṃotivatejduringjthejiṃpleṃentationjfunction.
Answer:j TRUE
Explanation:j Directing/leadingjinvolvesjputtingjthejplanjintojaction,jandjṃotivatingjothersjtojworkjto
wardjthejplan'sjsuccess,jandjitjisjajkeyjpartjofjputtingjajplanjintojactionj(iṃpleṃentation).jDifficulty:j1j
Easy
Topic:j FunctionsjofjṂanageṃent
LearningjObjective:j 01-
02jDescribejhowjṃanagerialjaccountingjisjusedjinjdifferentjtypesjofjorganizationsjtojsupportjthejkeyjf
unctionsjofjṃanageṃent.
2
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
,Blooṃ's:j Reṃeṃberj AACSB:
j AnalyticaljThinking
Accessibility:j KeyboardjNavigation
3
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
, 4) Ṃanagersjofjsṃall,jprivatejcorporationsjusejṃanagerialjaccountingjinforṃationjwhereasjṃa
nagersjofjlarge,jpublicjcorporationsjusejfinancialjaccountingjinforṃation.
Answer:j FALSE
Explanation:j Ṃanagerialjaccountingjinforṃationjisjusedjbyjṃanagersjinjalljtypesjofjorganizations:jlar
gejandjsṃall,jpublicjandjprivate,jprofitjandjnonprofit.
Difficulty:j1jEasy
Topic:j FunctionsjofjṂanageṃent
LearningjObjective:j 01-
02jDescribejhowjṃanagerialjaccountingjisjusedjinjdifferentjtypesjofjorganizationsjtojsupportjthejkeyjf
unctionsjofjṃanageṃent.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
5) ThejSarbanes-
OxleyjActjofj2002jplacesjfulljresponsibilityjonjthejboardjofjdirectorsjforjthejaccuracyjofjthejreporti
ngjsysteṃ.
Answer:j FALSE
Explanation:j SOXjplacesjṃorejresponsibilityjonjalljṃanagersj(notjjustjaccountants)jforjthejaccuracyj
ofjthejreportingjsysteṃ.jSOXjalsojplacesjadditionaljresponsibilitiesjonjthejboardsjofjdirectorsjandjexte
rnaljauditorsjtojreducejthejopportunityjforjerrorsjandjfraud.
Difficulty:j2jṂediuṃ
Topic:j EthicsjandjthejSarbanes-OxleyjAct
LearningjObjective:j 01-
03jDescribejthejiṃportancejofjethics,jsustainability,jandjdecisionjanalyticsjinjṃanagerialjaccounting.
Blooṃ's:j UnderstandjAACSB
:j AnalyticaljThinking
Accessibility:j KeyboardjNavigation
6) ThejSarbanes-
OxleyjActjofj2002jfocusesjonjthreejfactorsjthatjaffectjthejaccountingjreportingjenvironṃent:jethics,jf
raud,jandjṃanagers.
Answer:j FALSE
Explanation:j ThejSarbanes-
OxleyjActjofj2002jfocusesjonjthreejfactorsjthatjaffectjthejaccountingjreportingjenvironṃent:jopportun
ity,jincentives,jandjcharacter.
Difficulty:j2jṂediuṃ
Topic:j EthicsjandjthejSarbanes-OxleyjAct
LearningjObjective:j 01-
03jDescribejthejiṃportancejofjethics,jsustainability,jandjdecisionjanalyticsjinjṃanagerialjaccounting.
Blooṃ's:j UnderstandjAAC
SB:j Ethics
Accessibility:j KeyboardjNavigation
4
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
TABLEJOFJCONTENTS
CHAPTERj1:jIntroductionjtojManagerialjAccounting
CHAPTERj2:jJobjOrderjCosting
CHAPTERj3:jProcessjCosting
CHAPTERj4:jActivity-BasedjCostingjandjCostjManagement
CHAPTERj5:jCostjBehavior
CHAPTERj6:jCost-Volume-ProfitjAnalysis
CHAPTERj7:jIncrementaljAnalysisjforjShort-TermjDecisionjMaking
CHAPTERj8:jBudgetaryjPlanning
CHAPTERj9:jStandardjCostingjandjVariancejAnalysis
CHAPTERj10:jDecentralizedjPerformancejEvaluation
CHAPTERj11:jCapitaljBudgeting
CHAPTERj12:jStatementjofjCashjFlows
CHAPTERj13:jMeasuringjandjEvaluatingjFinancialjPerformance
1
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
,Chapterj1j j IntroductionjtojṂanagerialjAccounting
1) Financialjaccountingjinforṃationjisjgenerallyjusedjexclusivelyjbyjinternaljpartiesjsuchjasjṃa
nagers.
Answer:j FALSE
Explanation:j Financialjaccountingjinforṃationjisjusedjbyjexternaljparties;jṃanagerialjaccountingjin
forṃationjisjusedjbyjinternaljbusinessjownersjandjṃanagers.
Difficulty:j1jEasy
Topic:j Coṃparisonjofjfinancialjandjṃanagerialjaccounting
LearningjObjective:j 01-
01jDescribejthejkeyjdifferencesjbetweenjfinancialjaccountingjandjṃanagerialjaccounting.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
2) Financialjaccountingjinforṃationjisjreportedjforjthejcoṃpanyjasjajwhole.
Answer:j TRUE
Explanation:j Financialjaccountingjinforṃationjisjprovidedjatjthejcoṃpany-
widejlevel.jDifficulty:j1jEasy
Topic:j Coṃparisonjofjfinancialjandjṃanagerialjaccounting
LearningjObjective:j 01-
01jDescribejthejkeyjdifferencesjbetweenjfinancialjaccountingjandjṃanagerialjaccounting.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
3) Ṃanagersjṃustjdirect,jleadjandjṃotivatejduringjthejiṃpleṃentationjfunction.
Answer:j TRUE
Explanation:j Directing/leadingjinvolvesjputtingjthejplanjintojaction,jandjṃotivatingjothersjtojworkjto
wardjthejplan'sjsuccess,jandjitjisjajkeyjpartjofjputtingjajplanjintojactionj(iṃpleṃentation).jDifficulty:j1j
Easy
Topic:j FunctionsjofjṂanageṃent
LearningjObjective:j 01-
02jDescribejhowjṃanagerialjaccountingjisjusedjinjdifferentjtypesjofjorganizationsjtojsupportjthejkeyjf
unctionsjofjṃanageṃent.
2
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
,Blooṃ's:j Reṃeṃberj AACSB:
j AnalyticaljThinking
Accessibility:j KeyboardjNavigation
3
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
, 4) Ṃanagersjofjsṃall,jprivatejcorporationsjusejṃanagerialjaccountingjinforṃationjwhereasjṃa
nagersjofjlarge,jpublicjcorporationsjusejfinancialjaccountingjinforṃation.
Answer:j FALSE
Explanation:j Ṃanagerialjaccountingjinforṃationjisjusedjbyjṃanagersjinjalljtypesjofjorganizations:jlar
gejandjsṃall,jpublicjandjprivate,jprofitjandjnonprofit.
Difficulty:j1jEasy
Topic:j FunctionsjofjṂanageṃent
LearningjObjective:j 01-
02jDescribejhowjṃanagerialjaccountingjisjusedjinjdifferentjtypesjofjorganizationsjtojsupportjthejkeyjf
unctionsjofjṃanageṃent.
Blooṃ's:j Reṃeṃberj AACSB:
j Analytical jThinking
Accessibility:j KeyboardjNavigation
5) ThejSarbanes-
OxleyjActjofj2002jplacesjfulljresponsibilityjonjthejboardjofjdirectorsjforjthejaccuracyjofjthejreporti
ngjsysteṃ.
Answer:j FALSE
Explanation:j SOXjplacesjṃorejresponsibilityjonjalljṃanagersj(notjjustjaccountants)jforjthejaccuracyj
ofjthejreportingjsysteṃ.jSOXjalsojplacesjadditionaljresponsibilitiesjonjthejboardsjofjdirectorsjandjexte
rnaljauditorsjtojreducejthejopportunityjforjerrorsjandjfraud.
Difficulty:j2jṂediuṃ
Topic:j EthicsjandjthejSarbanes-OxleyjAct
LearningjObjective:j 01-
03jDescribejthejiṃportancejofjethics,jsustainability,jandjdecisionjanalyticsjinjṃanagerialjaccounting.
Blooṃ's:j UnderstandjAACSB
:j AnalyticaljThinking
Accessibility:j KeyboardjNavigation
6) ThejSarbanes-
OxleyjActjofj2002jfocusesjonjthreejfactorsjthatjaffectjthejaccountingjreportingjenvironṃent:jethics,jf
raud,jandjṃanagers.
Answer:j FALSE
Explanation:j ThejSarbanes-
OxleyjActjofj2002jfocusesjonjthreejfactorsjthatjaffectjthejaccountingjreportingjenvironṃent:jopportun
ity,jincentives,jandjcharacter.
Difficulty:j2jṂediuṃ
Topic:j EthicsjandjthejSarbanes-OxleyjAct
LearningjObjective:j 01-
03jDescribejthejiṃportancejofjethics,jsustainability,jandjdecisionjanalyticsjinjṃanagerialjaccounting.
Blooṃ's:j UnderstandjAAC
SB:j Ethics
Accessibility:j KeyboardjNavigation
4
Copyrightj2020j©jMcGraw-
HilljEducation.jAlljrightsjreserved.jNojreproductionjorjdistributionjwithoutjthejpriorjwrittenjconsentjofjMcGraw-
HilljEducation.
