, Chaptern01nTestnBankn–nStaticn KEY
1. Whatntype nofnaccounting nsystemnisnpartnofnan norganisation'snmanagement ninformation nsystemnforninternalnuse nonly?
A. Financialnaccounting
B. Management naccounting
C. Governmentaln accounting
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.03 n Describen then major n differences n between n management n accounting n and n financial n accounting n information
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
2. Which nofnthe nfollowing nstatement/snaboutnmanagement naccounting nis/are ntrue?
i. Itnisna npartnofnan norganisation'snmanagement ninformation nsystem.
ii. Itnisnrelied non nbynmanagersnto nplan nand ncontrolnan norganisation'snoperations.
iii. Itnisnrelied non nbynexternalnusersnto nmake ninvestment ndecisions.
A. inand nii
B. i,niinand niii
C. iii
D. ii
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
3. Which nofnthe nfollowing nstatement/snaboutnmanagement naccounting nis/are ntrue?
i. Itnisnconcerned nonlynwith ninformation nobtained nfromnthe naccounting nrecords.
ii. Itnisnconcerned nwith nfinancialnand nnon-financialninformation.
iii. Itncan nprovide ninformation nusefulnfornmaking ndecisions.
A. i
B. inand nii
C. iinand niii
D. ii
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
4. A nstrategynis
i. anothernname nforna nlong-termnobjective
ii. the nsame nasnan nobjective
iii. a nmeansnbynwhich nan norganisation nplansnto nmeetnitsnmission nand nachie ve nitsnobjectives
A. i
B. ii
C. iii
D. inand nii
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.06 n Explain n then basicn concepts n of n strategyn and n hown management n accounting n systems n can n support n strategies
Topic:n Fundamental n Management n Processes
5. Which nofnthe nfollowing nisnnotnan nobjective nofnmanagement naccounting?
A. Providing ninformation nfornmaking ndecisions
B. Providing ninformation nfornplanning
C. Providing ninformation nforncontrol
D. Providing ninformation nfornprofitnand nlossnstatements
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.06 n Explain n then basicn concepts n of n strategyn and n hown management n accounting n systems n can n support n strategies
1-1
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
, Topic:n Objectives n of n Management n Accounting
6. Planning nis
1-2
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
, A. comparing nactualnperformance nagainst ntargets
B. setting nobjectivesnand nformulating nplansnfornfuture noperations
C. measuring nthe nperformance nofnmanagersnagainstnpresetntargets
D. motivating nmanagersntowardsnachieving norganisationalngoals
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
7. 'Control'ninvolves
A. formulating ndetailsnofnoperationsnand nfinancesnfornthe nnextnfinancialnyear
B. comparing nactualnperformance nagainst ntargets
C. deciding nwhethernto nexpand nactivities
D. Allnofnthe ngiven nanswers
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
8. Partnofnthe nplanning nprocessninvolves
A. formulating ndetailsnofnoperationsnand nfinancesnfornthe nnextnfinancialnyear
B. comparing nactualnperformance nagainst ntargets
C. making na nchoice nbetween navailable nalternatives
D. measuring nthe nperformance nofnmanagersnagainstnpresetntargets
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
9. The nrole nofnmanagement naccounting nisnto
A. provide ninformation nto npartiesnoutside nthe norganisation
B. provide ninformation nto nmanagersnwithin nthe norganisation.
C. provide ninformation nto ngovernment nagencies.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Objectives n of n Management n Accounting
10. Budgeting ncan nbe nused nin nan norganisation nto
A. motivate nmanagersnto nachieve norganisationalngoals.
B. controlnoperations.
C. provide nmanagersnwith ninformation nfornmaking ndecisionsnand nplanning.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
11. The nbenefitsnofnmanagement naccounting ninformation ninclude
A. improved ndecisions.
B. more neffective nplanning.
C. greaternefficiencynofnoperations.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
LearningnObjective:n 1.09n Describen then factorsnthatn mayninfluencen thendesignn ofn management naccountingn systems nincluding n behavioural n issues,n cost-benefit n trade-offs n and n then implications n of
contingencyn andninstitutional ntheories
n Topic:nFundamentalnManagementn Proces
ses
1-3
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
1. Whatntype nofnaccounting nsystemnisnpartnofnan norganisation'snmanagement ninformation nsystemnforninternalnuse nonly?
A. Financialnaccounting
B. Management naccounting
C. Governmentaln accounting
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.03 n Describen then major n differences n between n management n accounting n and n financial n accounting n information
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
2. Which nofnthe nfollowing nstatement/snaboutnmanagement naccounting nis/are ntrue?
i. Itnisna npartnofnan norganisation'snmanagement ninformation nsystem.
ii. Itnisnrelied non nbynmanagersnto nplan nand ncontrolnan norganisation'snoperations.
iii. Itnisnrelied non nbynexternalnusersnto nmake ninvestment ndecisions.
A. inand nii
B. i,niinand niii
C. iii
D. ii
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
3. Which nofnthe nfollowing nstatement/snaboutnmanagement naccounting nis/are ntrue?
i. Itnisnconcerned nonlynwith ninformation nobtained nfromnthe naccounting nrecords.
ii. Itnisnconcerned nwith nfinancialnand nnon-financialninformation.
iii. Itncan nprovide ninformation nusefulnfornmaking ndecisions.
A. i
B. inand nii
C. iinand niii
D. ii
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Rolen of n Management n Accountant n in n Valuen Creation
4. A nstrategynis
i. anothernname nforna nlong-termnobjective
ii. the nsame nasnan nobjective
iii. a nmeansnbynwhich nan norganisation nplansnto nmeetnitsnmission nand nachie ve nitsnobjectives
A. i
B. ii
C. iii
D. inand nii
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.06 n Explain n then basicn concepts n of n strategyn and n hown management n accounting n systems n can n support n strategies
Topic:n Fundamental n Management n Processes
5. Which nofnthe nfollowing nisnnotnan nobjective nofnmanagement naccounting?
A. Providing ninformation nfornmaking ndecisions
B. Providing ninformation nfornplanning
C. Providing ninformation nforncontrol
D. Providing ninformation nfornprofitnand nlossnstatements
AACSB:nReflective
n Difficulty:nMediu
m
Learning n Objective:n 1.06 n Explain n then basicn concepts n of n strategyn and n hown management n accounting n systems n can n support n strategies
1-1
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
, Topic:n Objectives n of n Management n Accounting
6. Planning nis
1-2
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
, A. comparing nactualnperformance nagainst ntargets
B. setting nobjectivesnand nformulating nplansnfornfuture noperations
C. measuring nthe nperformance nofnmanagersnagainstnpresetntargets
D. motivating nmanagersntowardsnachieving norganisationalngoals
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
7. 'Control'ninvolves
A. formulating ndetailsnofnoperationsnand nfinancesnfornthe nnextnfinancialnyear
B. comparing nactualnperformance nagainst ntargets
C. deciding nwhethernto nexpand nactivities
D. Allnofnthe ngiven nanswers
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
8. Partnofnthe nplanning nprocessninvolves
A. formulating ndetailsnofnoperationsnand nfinancesnfornthe nnextnfinancialnyear
B. comparing nactualnperformance nagainst ntargets
C. making na nchoice nbetween navailable nalternatives
D. measuring nthe nperformance nofnmanagersnagainstnpresetntargets
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
9. The nrole nofnmanagement naccounting nisnto
A. provide ninformation nto npartiesnoutside nthe norganisation
B. provide ninformation nto nmanagersnwithin nthe norganisation.
C. provide ninformation nto ngovernment nagencies.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
Learning n Objective:n 1.02 n Definen management n accounting n in n terms n of n valuen creation
Topic:n Objectives n of n Management n Accounting
10. Budgeting ncan nbe nused nin nan norganisation nto
A. motivate nmanagersnto nachieve norganisationalngoals.
B. controlnoperations.
C. provide nmanagersnwith ninformation nfornmaking ndecisionsnand nplanning.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
Difficulty:nMediu
n
m
Learning n Objective:n 1.07 n Explain n hown planning n and n control n mechanisms n can n ben used n to n support n resourcen management
Topic:n Fundamental n Management n Processes
11. The nbenefitsnofnmanagement naccounting ninformation ninclude
A. improved ndecisions.
B. more neffective nplanning.
C. greaternefficiencynofnoperations.
D. Allnofnthe ngiven nanswers
AACSB:nReflective
n Difficulty:nEa
sy
LearningnObjective:n 1.09n Describen then factorsnthatn mayninfluencen thendesignn ofn management naccountingn systems nincluding n behavioural n issues,n cost-benefit n trade-offs n and n then implications n of
contingencyn andninstitutional ntheories
n Topic:nFundamentalnManagementn Proces
ses
1-3
Copyrightn ©n 2018n McGraw-
Hilln Education.n Alln rights n reserved.n Non reproductionn orn distributionn withoutn then priorn writtenn consentn ofn McGraw-n Hilln Education.
