 Show CHAPTER 19 MANAGERIAL ACCOUNTING MULTIPLE CHOICE QUESTIONS 38.Managerial accounting applies to each of the following types of businesses except a.service firms. b.merchandising firms. c.manufacturing firms. d. Managerial accounting applies to all types of firms. 39.Managerial accounting information is generally prepared for a.stockholders. b.creditors. c.managers. d.regulatory agencies. 40.Managerial accounting information a.pertains to the entity as a whole and is highly aggregated. b.pertains to subunits of the entity and may be very detailed. c.is prepared only once a year. d.is constrained by the requirements of generally accepted accounting principles. 44.Managerial accounting does not encompass a.calculating product cost. b.calculating earnings per share. c.determining cost behavior. d.profit planning. 45. Managerial accounting is applicable to a.service entities. b.manufacturing entities. c.not-for-profit entities. d.all of these. 48.Financial statements for external users can be described as a.user-specific. b.general-purpose. c.special-purpose. d.managerial reports. 49. Managerial accounting reports can be described as a.general-purpose. b.macro-reports. c.special-purpose. d.classified financial statements. Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. Recommended textbooks for you FINANCIAL ACCOUNTING ISBN:9781259964947 Author:Libby Publisher:MCG Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems ISBN:9781337619202 Author:Hall, James A. Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... ISBN:9780134475585 Author:Srikant M. Datar, Madhav V. Rajan Publisher:PEARSON Intermediate Accounting ISBN:9781259722660 Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting ISBN:9781259726705 Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education FINANCIAL ACCOUNTING ISBN:9781259964947 Author:Libby Publisher:MCG Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems ISBN:9781337619202 Author:Hall, James A. Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... ISBN:9780134475585 Author:Srikant M. Datar, Madhav V. Rajan Publisher:PEARSON Intermediate Accounting ISBN:9781259722660 Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting ISBN:9781259726705 Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education Does managerial accounting applies to all types of businesses?Managerial accounting applies to all types of businesses, including service, merchandising, and manufacturing, as well as to all forms of business organizations.
What does managerial accounting apply?Managerial accounting is the practice of using accounting information — from revenues to production inputs and outputs affecting the supply chain — internally, in support of organization-wide efficiency and for tracking the organization's progress toward attaining its stated goals.
Which of the following is not a part of managerial accounting?The answer is B) Reporting financial information to the shareholders.
What are the types of managerial accounting?Types of Managerial Accounting. Product Costing and Valuation.. Cash Flow Analysis.. Inventory Turnover Analysis.. Constraint Analysis.. Financial Leverage Metrics.. Accounts Receivable (AR) Management.. Budgeting, Trend Analysis, and Forecasting.. |
Managerial accounting applies to each of the following types of businesses except
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