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Question 1Which of the following words DOES NOT describe a main focus of management accounting?A. PlanningB. ControlC. ExternalD. Decision-making
Question 2CIMA defines management accounting as:"The application of the principles of accounting and financial management to create, protect,preserve and increase value for the _________________ of for-profit and not-for profitenterprises in the public and private sectors".A. AuditorsB. StakeholdersC. OwnersD. CustomersQuestion
3Which of the following statements are true?1. The main role of the management accountant is to produce financial accounts2. Management accountants always work within the finance function3. Management accountants always work in partnership with business managersA. 1 and 2 onlyB. 2 and 3 onlyC. 1 and 3 onlyD. None of the above.Question
4Which of the following words complete the statement below?
____________ accounts are prepared for external stakeholders.Management accounts are prepared for _____________ stakeholders.A. Shadow, InternalB. Financial, InternalC. Financial, ExternalD. Internal, Budget
What number of diluted weighted-average shares outstanding was used by Intel in computing earnings per share for 2011 and 2012? What were Intel's diluted earnings per share in 2011 and 2012?
Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.
Estimate the Value of Inventory at the end of August using different methods, what will be the difference in the inventory value at the end of August using the methods above and why?
Distinguishing between an expense and a cost. Christy Byrd tells you that the accountants where she works are real hair splitters. For example, they make a big issue over the difference between a cost and an expense. She says the two terms mean th..
What is the contribution margin ratio and the unit contribution margin and determine the break-even point in unit - construct a cost-volume-profit chart, indicating the break-even point.
What are the allowable departures from historical Cost discussed in class? Two of them involve adjusting the cost to Market Value, which ones, what assets do each one adjust and how does handle unrealized gains?
Prepare a schedule to compare investment cost with the book value of equity acquired - Prepare elimination entries for the preparation of a consolidated statements workpaper on December 31, 2012.
What is meant by the terms relevant and irrelevant costs and revenues in Strategic Management Accounting decision making? Include several small numerical examples in your answer.
Find what strategic objective would this address and find what specific measures would this involve
Prepare the journal entry to record the transaction of December 31, 2009, for the Hurly Co and assuming Hurly Co.'s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.
Sales for April were $2,188,400. Sales salaries were $120,000, shipping and import duties 130,000, advertising 75,000, and office salaries $37,000.
In a cost-volume-profit graph
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