Question: Exercise 1-1 Managerial vs. financial accounting C1 Indicate whether each decision is most likely to be made using managerial accounting information or financial accounting information.

Exercise 1-1 Managerial vs. financial accounting C1

Indicate whether each decision is most likely to be made using managerial accounting information or financial accounting information.

Business Decision

Primary Information Source

1. Determine whether to lend to a company

_______

2. Evaluate a purchasing departments performance

_______

3. Report financial performance to shareholders

_______

4. Estimate product cost for a new line of shoes

_______

5. Plan the manufacturing budget for next quarter

_______

6. Measure profitability of an individual store

_______

7. Prepare financial reports according to GAAP

_______

8. Determine location and size for a new plant

_______

Table Summary: In the table, the second column contains blank lines for inserting answers.

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