DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
Horngren'smAccounting,m12em(Miller-
Noblesmetmal.)mChapterm18 m IntroductionmtomManag
erialmAccounting
18.1 LearningmObjectivem18-1
1 ) Managerial maccountingmfocuses mon mprovidingminformation mforminternalmplanningmandmcon
trol.mAnswer:m TRUE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
2 ) Financialmaccountingmprepares mreports mforminternalmpurposes,mwhereas mmanagerialmaccountingmprov
ides minformation mtomexternalmstakeholders.
Answer:m FALSEmD
iff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
3 ) Financialmstatements mpreparedmforminvestors mandmcreditors moften mincludemforward-
lookingminformation mbecausemtheymmakemdecisions mbasedmon ma mcompany's mfuturemprospects.
Answer:m FALSEmD
iff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
4 ) Managerial maccountingmreportingmbyma mpublicmfirm mis mrequiredmtomfollowmthemrules mofm
GAAP.mAnswer:m FALSE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
1
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
5 ) Planningmrequires mmanagers mtomlookmtomthemfuturemandmestablish mgoals mformthembus
iness.mAnswer:m TRUE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
6 ) Financialmreportingmis mtypicallymmuch mmoremdetailedmthan mmanagerial maccount
ing.mAnswer:m FALSE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
7 ) Which mofmthemfollowingmis ma mfocus mofmmanagerialmaccounting?
A ) tomgeneratema mcompany's mfinancialmstatements mformtaxmreporting
B ) tomprovideminformation mtombusiness mmanagers mtomassistmthem min mcontrollingmtheirmbusinesses
C ) tomprovideminformation mtomshareholders mtomassistmthem mwith mtheirminvestmentmdecisions
D ) tomensuremthatmthemreports mproducedmforminternalmandmexternalmbusiness mpurposes maremGAAPmcom
pliantmAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
8 ) Which mofmthemfollowingmstatements mis mTRUEmofmmanagerialmaccounting?
A ) Themexternalmstakeholders mofma mcompanymaremthemprimarymusers mofmmanagerial maccounting.
B ) Managerial maccountingminformation mis musedmtomhelpmmanagers mplan,mdirectmandmcontrolmtheirmoperati
ons.
C ) An mexternalmauditmbyman mindependentmCPAmis mrequiredmformmanagerial maccountingminformation.
D ) Managerial maccountingminformation mmustmcomplymwith mGenerallymAcceptedmAccountingmPrinci
ples.mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
2
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
9 ) Managerial maccountingminformation mforma mcompanymis mprimarilymusedmbym .
A ) its mcustomers mtomunderstandmthempricingmofmthemproduct
B ) its mcreditors mtomunderstandmthemcredibilitymofmthembusiness
C ) its memployees mtomplan,mdirectmandmcontrolmoperations
D ) its minvestors mtommakemtheirminvestmentmdecisio
ns mAnswer:m C
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
10 ) Which mofmthemfollowingmstatements mis mTRUEmofmfinancialmaccounting?
A ) Itmprovides minformation mtominvestors mneededmformtheirminvestmentmdecisions.
B ) Itmprovides mfuturemfocusedminformation mneededmfor mmanagingmandmdelegatingmoperations.
C ) Itmfocuses mon mdetailedmreports mformparts mofmthemcompanymrathermthan mthemwholemcompany.
D ) Itmfocuses mon mplanning,mdirectingmandmcontrollingmday-to-
daymoperations.mAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
11 ) Managerial maccountingmincludes mthemplanningmfunction.mWhich mofmthemfollowingmitems mwouldmbemp
artmofmthemplanningmfunction mofma mbusiness's mmanagerialmaccounting?
A ) comparingmactualmtomexpectedmresults
B ) choosingmgoals mandmdecidingmhowmtomachievemthem
C ) monitoringmoperations mtomkeepmthemcompanymon mtrack
D ) monitoringmandmevaluatingmthemresults mofmoperatio
ns mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Analyticalmthinkingm
AICPAmFunctional:m Reporting
mPEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
3
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
, DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
12 ) Comparingmactualmresults mtomexpectedmresults mis mpartmofmthem .
A ) controllingmfunction mofmmanagerial maccounting
B ) planningmfunction mofmmanagerialmaccounting
C ) reportingmfunction mofmmanagerialmaccounting
D ) organizingmfunction mofmmanagerial maccounti
ngmAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
13 ) Which mofmthemfollowingmis mthemprimarymfocus mofmmanagerial maccounting?
A ) providingminformation mthatmmanagers mneedmtommakemoperationalmdecisions
B ) providingmhistoricalmdata mtominvestors mandmcreditors
C ) providingmsummarizedmresults mofmoperations
D ) providingminformation mtomcomplymwith mlaws mandmregulations mofmgovernmentmbo
dies mAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
14 ) Which mofmthemfollowingmis mthemprimarymfocus mofmfinancialmaccounting?
A ) providingminformation mthatmmanagers mneedmtommakemoperationalmdecisions
B ) providingmsummarizedminformation mon moperationalmresults mtominvestors mandmcreditors
C ) providingminformation mtommanagers mtomassistmin mplanning,mdirectingmandmcontrollingmoperations
D ) providingmhighlymdetailedminformation mon mproductmlines,mregions,mandmdivisi
ons mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
4
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
m m m m m m m m m m m
dition Miller Nobles m m
Horngren'smAccounting,m12em(Miller-
Noblesmetmal.)mChapterm18 m IntroductionmtomManag
erialmAccounting
18.1 LearningmObjectivem18-1
1 ) Managerial maccountingmfocuses mon mprovidingminformation mforminternalmplanningmandmcon
trol.mAnswer:m TRUE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
2 ) Financialmaccountingmprepares mreports mforminternalmpurposes,mwhereas mmanagerialmaccountingmprov
ides minformation mtomexternalmstakeholders.
Answer:m FALSEmD
iff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
3 ) Financialmstatements mpreparedmforminvestors mandmcreditors moften mincludemforward-
lookingminformation mbecausemtheymmakemdecisions mbasedmon ma mcompany's mfuturemprospects.
Answer:m FALSEmD
iff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
4 ) Managerial maccountingmreportingmbyma mpublicmfirm mis mrequiredmtomfollowmthemrules mofm
GAAP.mAnswer:m FALSE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
1
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
5 ) Planningmrequires mmanagers mtomlookmtomthemfuturemandmestablish mgoals mformthembus
iness.mAnswer:m TRUE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
6 ) Financialmreportingmis mtypicallymmuch mmoremdetailedmthan mmanagerial maccount
ing.mAnswer:m FALSE
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
7 ) Which mofmthemfollowingmis ma mfocus mofmmanagerialmaccounting?
A ) tomgeneratema mcompany's mfinancialmstatements mformtaxmreporting
B ) tomprovideminformation mtombusiness mmanagers mtomassistmthem min mcontrollingmtheirmbusinesses
C ) tomprovideminformation mtomshareholders mtomassistmthem mwith mtheirminvestmentmdecisions
D ) tomensuremthatmthemreports mproducedmforminternalmandmexternalmbusiness mpurposes maremGAAPmcom
pliantmAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
8 ) Which mofmthemfollowingmstatements mis mTRUEmofmmanagerialmaccounting?
A ) Themexternalmstakeholders mofma mcompanymaremthemprimarymusers mofmmanagerial maccounting.
B ) Managerial maccountingminformation mis musedmtomhelpmmanagers mplan,mdirectmandmcontrolmtheirmoperati
ons.
C ) An mexternalmauditmbyman mindependentmCPAmis mrequiredmformmanagerial maccountingminformation.
D ) Managerial maccountingminformation mmustmcomplymwith mGenerallymAcceptedmAccountingmPrinci
ples.mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
2
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
,DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
9 ) Managerial maccountingminformation mforma mcompanymis mprimarilymusedmbym .
A ) its mcustomers mtomunderstandmthempricingmofmthemproduct
B ) its mcreditors mtomunderstandmthemcredibilitymofmthembusiness
C ) its memployees mtomplan,mdirectmandmcontrolmoperations
D ) its minvestors mtommakemtheirminvestmentmdecisio
ns mAnswer:m C
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
10 ) Which mofmthemfollowingmstatements mis mTRUEmofmfinancialmaccounting?
A ) Itmprovides minformation mtominvestors mneededmformtheirminvestmentmdecisions.
B ) Itmprovides mfuturemfocusedminformation mneededmfor mmanagingmandmdelegatingmoperations.
C ) Itmfocuses mon mdetailedmreports mformparts mofmthemcompanymrathermthan mthemwholemcompany.
D ) Itmfocuses mon mplanning,mdirectingmandmcontrollingmday-to-
daymoperations.mAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
11 ) Managerial maccountingmincludes mthemplanningmfunction.mWhich mofmthemfollowingmitems mwouldmbemp
artmofmthemplanningmfunction mofma mbusiness's mmanagerialmaccounting?
A ) comparingmactualmtomexpectedmresults
B ) choosingmgoals mandmdecidingmhowmtomachievemthem
C ) monitoringmoperations mtomkeepmthemcompanymon mtrack
D ) monitoringmandmevaluatingmthemresults mofmoperatio
ns mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Analyticalmthinkingm
AICPAmFunctional:m Reporting
mPEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
3
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
, DOWNLOAD THE Test Bank for Horngrens Accounting The Managerial Chapters 12th E
m m m m m m m m m m m
dition Miller Nobles m m
12 ) Comparingmactualmresults mtomexpectedmresults mis mpartmofmthem .
A ) controllingmfunction mofmmanagerial maccounting
B ) planningmfunction mofmmanagerialmaccounting
C ) reportingmfunction mofmmanagerialmaccounting
D ) organizingmfunction mofmmanagerial maccounti
ngmAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m ManagerialmAccountingmFunctions
13 ) Which mofmthemfollowingmis mthemprimarymfocus mofmmanagerial maccounting?
A ) providingminformation mthatmmanagers mneedmtommakemoperationalmdecisions
B ) providingmhistoricalmdata mtominvestors mandmcreditors
C ) providingmsummarizedmresults mofmoperations
D ) providingminformation mtomcomplymwith mlaws mandmregulations mofmgovernmentmbo
dies mAnswer:m A
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
14 ) Which mofmthemfollowingmis mthemprimarymfocus mofmfinancialmaccounting?
A ) providingminformation mthatmmanagers mneedmtommakemoperationalmdecisions
B ) providingmsummarizedminformation mon moperationalmresults mtominvestors mandmcreditors
C ) providingminformation mtommanagers mtomassistmin mplanning,mdirectingmandmcontrollingmoperations
D ) providingmhighlymdetailedminformation mon mproductmlines,mregions,mandmdivisi
ons mAnswer:m B
Diff:m1
LO:m 18-1
AACSB:m Application mofmknowledg
emAICPAmFunctional:m Reporting
PEmQuestion mType:m Concept
H2:m Whymis mManagerial mAccountingmImportant?m(H1)
4
Copyright m©m2018 mPearson mEducation,mIn
c.
mynursytest.store
