Which of the following statements about management accounting is FALSE? options: Management accounting is used by managerial

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following statements about management accounting is FALSE?

options:

	Management accounting is used by managerial accountants to make strategic and operational decisions.
	Management accounting helps managers fulfill organizational objectives.
	Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information.
	Management accounting produces information for managers in an organization.

Related Book For answer-question

answer-question

Fundamentals of Cost Accounting

Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Posted Date: Feb 07, 2021 08:46 AM

See More Questions

A major focus of this course is the process of financial reporting. (a) What is meant by the term financial reporting? (b) What are the principal accounting reports involved in the financial...
Identify three key financial managers in an organization and their major responsibilities.
What things might managers in an organization do that could unintentionally discourage innovation by their employees? How can innovation be encouraged?
A bond currently has a price of $940. The current yield to maturity on the bond is 7%. If the yield decreases by 20 basis points, the price of the bond will go up to $960. Based on this information,...
The FABB Partnership distributes a marketable security to 25% partner Fred in complete liquidation of his interest in the partnership. Use the following facts to answer the questions that follow: ...
(i) Why does profit continue to be the preferred basis for evaluation of the financial performance of a business? (ii) In what ways can cash flow provide a better basis for performance evaluation,...
Why has the importance of environmental accounting to business grown in the past ten years?
How can Trip 7 prevent future supply chain uncertainties?
3. Differentiate the following. Show your work. x-2 a) y = 2x+5 (3 marks)
Waylander Coatings Company purchased waterproofing equipment on January 6 for $1,031,600. The equipment was expected to have a useful life of four years, or 10,400 operating hours, and a residual...
Q. Convert the following code to UMSL assembly language and run with virutal machine. Run this code on input 50, 48, 52, -10 and 0. int main() { int age: printf("Please enter your age"); scanf("%d",...
The brakes do a certain amount of work to stop a car that is moving at a particular speed. How much work must the brakes do to stop a car that is moving four times as fast?
A refrigerator's freezer compartment is set at \(-10^{\circ} \mathrm{C}\); the kitchen is \(24^{\circ} \mathrm{C}\). What is the theoretical minimum amount of electric energy necessary to pump \(1.0...
Electric vehicles increase speed by using an electric motor that draws energy from a battery. When the vehicle slows, the motor runs as a generator, recharging the battery. Explain why this means...
At what temperature does the temperature in kelvin have the same numerical value as the temperature in \({ }^{\circ} \mathrm{F}\) ?
A 4.0-m-diameter playground merry-go-round, with a moment of inertia of \(400 \mathrm{~kg} \cdot \mathrm{m}^{2}\), is freely rotating with an angular velocity of \(2.0 \mathrm{rad} / \mathrm{s}\)....
The following is a Stork enamine synthesis. There are 3 steps. Add the relevant reagents/conditions for each of the 3 steps. 1. HO 2. HO (ignore stereochemistry) 3.
The swap spread is the difference between the swap rate and the equivalent-maturity Treasury bond yield. Explain why a widening swap spread may be a signal of deteriorating economic conditions. Plot...
For each of the following statements, indicate whether it is true, false, or uncertain. Explain why. Give examples in your answer. a. A cost is something used up to produce revenues in a particular...
What is the purpose of having two manufacturing overhead accounts, the Manufacturing Overhead Control and Applied Manufacturing Overhead?
What is the difference between an organizations mission and its strategy?
Assume that Boardmaster sold skateboards to a department store for \($35,000\) cash. How would this transaction affect Boardmasters accounting equation? a. Increase both assets and stockholders...
Generally Accepted Accounting Principles (GAAP) are created by the a. Securities and Exchange Commission (SEC). b. Financial Accounting Standards Board (FASB). C. Institute of Management Accountants...
Boardmaster is famous for custom skateboards. At the end of a recent year, Boardmasters total assets added up to \($622\) million, and stockholders equity was \($487\) million. How much did...