2023年管理会计习题与超详细解析超详细解析答案1备课讲稿.pdf

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1、Management Accounting,6e(Atkinson et al.)Chapter 1 How Management Accounting Information Supports Decision Making Objective 1 1)Management accounting is subject to the rules formulated by standard setters such as the Financial Accounting Standards Board(FASB).Answer:FALSE Explanation:Financial accou

2、nting is subject to the rules of the FASB.Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 2)Management accounting information is primarily oriented to external stakeholders,such as investors,creditors,regulators,and tax authorities.Answer:FALSE Explanation:Management account

3、ing information is primarily oriented to management.Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 3)The International Accounting Standards Board sets the guidelines used for management accounting.Answer:FALSE Explanation:Financial accounting must be consistent with the rul

4、es of the IASB.Diff:1 Terms:International Accounting Standards Board Objective:1 AACSB:Reflective thinking 4)A good management accounting system can become a source of competitive advantage for a company.Answer:TRUE Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 5)Managemen

5、t accounting information is sometimes predictive and forward looking.Answer:TRUE Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 6)Management accounting has no prescribed rules about its content,how the content is to be developed,and how the content is to be presented.Answer

6、:TRUE Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 7)The Federal Accounting Standards Advisory Board sets cost accounting standards for all federal government activities.Answer:TRUE Diff:2 Terms:Government Accounting Standards Board Objective:1 AACSB:Reflective thinking 8

7、)Management accounting measures can provide advance warnings of problems.Answer:TRUE Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 9)Information about customer satisfaction is an example of financial information.Answer:FALSE Explanation:Information about customer satisfact

8、ion is an example of nonfinancial information.Diff:1 Terms:nonfinancial information Objective:1 AACSB:Reflective thinking 10)Management accounting information can be used for all of the following EXCEPT:A)calculate the cost of a product or service.B)evaluate the performance of a company.C)project ma

9、terials needs.D)evaluate the market price of the stock.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 11)Which of the following types of information are used in management accounting?A)financial information B)nonfinancial information C)information focused on the lo

10、ng term D)All of the above are correct.Answer:D Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 12)Management accounting:A)is both retrospective,providing feedback about past operations,and also prospective,incorporating forecasts and estimates about future events.B)is prima

11、rily oriented to external stakeholders.C)must be consistent with rules formulated by the Financial Accounting Standards Board(FASB).D)provides information that is generally available only on a quarterly or annual basis.Answer:A Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking

12、 13)Which of the following descriptors refer to management accounting information?A)It is only retrospective,reporting and summarizing in financial terms the results of past decisions and transactions.B)It is driven by rules.C)It is prepared for shareholders.D)It is oriented to meeting the decision

13、making needs of employees and managers inside the organization.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 14)Which of the following would be considered management accounting information?A)Budgeted production for the year 2011.B)Budgeted Balance Sheet.C)Analysis

14、 of trend in stock prices.D)Both budgeted production for the year of 2011,and the budgeted balance sheet.Answer:D Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 15)Management accounting information includes all of the following EXCEPT:A)tabulated results of customer satisfa

15、ction surveys.B)the cost of producing a product.C)the percentage of units produced that is defective.D)market price of the stock.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 16)Management accounting reports might include information about:A)customer complaints.B)

16、net income for the year on budgeted income statement.C)total assets on budgeted balance sheet.D)All of the above are correct.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 17)The person MOST likely to use management accounting information is a(n):A)banker evaluatin

17、g a credit application.B)shareholder evaluating a stock investment.C)governmental taxing authority.D)assembly department supervisor.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 18)Which of the following is NOT a function of a management accounting system?A)strate

18、gic development B)financial reporting C)control D)product costing Answer:B Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 19)Financial accounting:A)focuses on the future and includes activities such as preparing next years operating budget.B)does not need to comply with GAA

19、P(generally accepted accounting principles).C)is primarily oriented to external stakeholders,such as investors,creditors,regulators and tax authorities.D)is prepared for the use of department heads and other employees.Answer:C Diff:1 Terms:financial accounting Objective:1 AACSB:Reflective thinking 2

20、0)The person MOST likely to use ONLY financial accounting information is a:A)factory shift supervisor.B)vice president of operations.C)current shareholder.D)department manager.Answer:C Diff:2 Terms:financial accounting Objective:1 AACSB:Reflective thinking 21)Historically,management accounting innov

21、ations have been developed by:A)the International Accounting Standards Board.B)the Cost Accounting Standards Board.C)Academic accountants.D)Managers.Answer:D Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 22)In general,it was not until the 1970s that management accounting s

22、ystems:A)were improved because of demands by the FASB and the SEC.B)stagnated and proved inadequate.C)started to develop innovations in costing and performance-measurement systems due to intense pressure from overseas competitors.D)started to address the decision-making needs of managers.Answer:C Di

23、ff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking 23)Financial accounting information:A)provides a signal that something is wrong.B)identifies what is wrong.C)explains what is wrong.D)simply summarizes information but gives no indication that anything is wrong.Answer:A Diff:2 Te

24、rms:financial accounting Objective:1 AACSB:Reflective thinking 24)The regulatory authority responsible for formulating rules of United States GAAP is:A)the Financial Accounting Standards Board.B)the Cost Accounting Standards Board.C)the Federal Accounting Standards Advisory Board.D)the International

25、 Accounting Standards Board.Answer:A Diff:1 Terms:financial accounting,FASB Objective:1 AACSB:Reflective thinking 25)Management accounting information is BEST described as:A)providing a signal that something is wrong.B)identifying and helping to explain what is wrong.C)simply summarizing information

26、,but giving no indication that anything is wrong.D)measuring overall organizational performance.Answer:B Diff:1 Terms:management accounting Objective:1 AACSB:Reflective thinking 26)Compare and contrast the users and uses of management accounting and financial accounting.Answer:Management accounting

27、provides information to internal decision makers of the business such as line supervisors,division managers and top executives.Its purpose is to help managers plan,organize,control and make operating decisions by predicting future results and evaluating performance.Financial accounting provides info

28、rmation to external decision makers such as investors and creditors.Its purpose is to present a fair picture of the financial condition of the company for use by these parties in making investing and credit decisions.Diff:2 Terms:management accounting,financial accounting Objective:1 AACSB:Reflectiv

29、e thinking MAL:This question is not available in MyAccountingLab.27)What is the purpose of management accounting?Answer:Management accounting gathers short-term and long-term financial and nonfinancial information to plan,coordinate,motivate,improve,control,and evaluate success factors of an organiz

30、ation.Management accounting converts data into usable information that supports planning,organizing,and control decision making.Diff:2 Terms:management accounting Objective:1 AACSB:Reflective thinking MAL:This question is not available in MyAccountingLab.Objective 2 1)During the history of managemen

31、t accounting,innovations were developed to address the decision-making needs of managers.Answer:TRUE Diff:2 Terms:management accounting Objective:2 AACSB:Reflective thinking 2)A key element in any organizations strategy is to identify its target customers and to deliver what those target customers w

32、ant.Answer:TRUE Diff:1 Terms:strategy Objective:2 AACSB:Reflective thinking 3)Management accounting innovations are usually developed by academics.Answer:FALSE Explanation:Management accounting innovations are usually developed by management accountants in the field.Diff:2 Terms:management accountin

33、g Objective:2 AACSB:Reflective thinking 4)The first modern industry to develop and use large quantities of financial statistics to assess and monitor organizational performance was:A)steel companies.B)lumber companies.C)the railroads.D)automobile companies.Answer:C Diff:2 Terms:financial information

34、 Objective:2 AACSB:Reflective thinking 5)Which of the following companies is a service company?A)Lands End B)Schwinn Bicycles C)Orkin Pest Control D)British Petroleum Answer:C Diff:1 Terms:service companies Objective:2 AACSB:Reflective thinking 6)Historically,service companies have:A)operated in les

35、s competitive environments than manufacturing companies.B)enjoyed global customer demand.C)used management accounting information in much the same way as manufacturing companies.D)competed by managing costs to provide the best service at the lowest price.Answer:A Diff:2 Terms:service companies Objec

36、tive:2 AACSB:Reflective thinking 7)The Hawthorne study revealed that:A)individuals alter their behavior when they know they are being studied.B)groups alter their behavior when they know they are being studied.C)People react when they are being measured.D)All of the above are correct.Answer:D Diff:2

37、 Terms:nonfinancial information,Hawthorne study Objective:2 AACSB:Reflective thinking 8)_ helped develop the Plan-Do-Check-Act(PDCA)cycle.A)Hawthorne B)Deming.C)Carnegie D)Ford Answer:D Diff:2 Terms:plan-do-check-act cycle Objective:2 AACSB:Reflective thinking 9)Describe the steps in the PDCA cycle.

38、Answer:The Plan step of the PCDA cycle defines the organizations purpose and selects the focus and scope of its strategy.The Do step of the PDCA cycle involves the implementation of a chosen course of action.In this setting,management accounting information gets communicated to front-line and suppor

39、t employees to inform their daily decisions and work activities.The check step in the PDCA cycle includes two components measuring and monitoring ongoing performance and taking short-term actions based on the measured performance.In the Act step of the PDCA cycle,managers take actions to lower costs

40、,change resource allocations,improve the quality,cycle time and flexibility of processes,modify the product mix,change customer relationships,and redesign and introduce new products.Diff:3 Terms:plan-do-check-act cycle Objective:2 AACSB:Reflective thinking MAL:This question is not available in MyAcc

41、ountingLab.10)What role has the increasingly competitive business environment played in the development of management accounting?Answer:The competitive environment has changed dramatically.There has been a deregulation movement in North America and Europe during the 1970s and 1980s that changed the

42、ground rules under which service companies operate.In addition,organizations encountered severe competition from overseas companies that offered high-quality products at low prices.There has been an improvement of operational control systems such that information is more current and provided more fr

43、equently.Employees need better management accounting information and accurate and timely information to improve the activities they perform and to make decisions.Employees also want innovations in management accounting information.Nonfinancial information has become a critical feedback measure.Final

44、ly,the focus of many firms is now on measuring and managing activities.Diff:3 Terms:financial accounting,management accounting Objective:2 AACSB:Reflective thinking MAL:This question is not available in MyAccountingLab.Objective 3 1)At the highest level strategic planning involves choosing a strateg

45、y that provides the best fit between the organizations environment and its internal resources in order to achieve the organizations objectives.Answer:TRUE Diff:2 Terms:strategy Objective:3 AACSB:Reflective thinking 2)Quality is the degree of conformance between what the customer is promised and what

46、 the customer receives.Answer:TRUE Diff:1 Terms:quality Objective:3 AACSB:Reflective thinking 3)Government and nonprofit organizations,as well as profit-seeking enterprises,are feeling the pressures for improved performance.Answer:TRUE Diff:1 Terms:government and nonprofit organizations Objective:3

47、AACSB:Reflective thinking 4)Management accounting information allows managers to compare actual and planned costs and to identify areas and opportunities for process improvement.Answer:TRUE Diff:1 Terms:management accounting Objective:3 AACSB:Reflective thinking 5)Management accounting can provide i

48、nformation on customer satisfaction.Answer:TRUE Diff:2 Terms:management accounting Objective:3 AACSB:Reflective thinking 6)Planning activities include all of the following EXCEPT:A)estimate the cost and profit consequences from a course of action.B)evaluating the quality of the service provided.C)pr

49、ojecting labor requirements.D)budgeting.Answer:B Diff:2 Terms:plan-do-check-act cycle Objective:3 AACSB:Reflective thinking 7)The most important factor in successful organizations is:A)weaknesses.B)competition.C)strategy.D)definition of quality.Answer:C Diff:2 Terms:strategy Objective:3 AACSB:Reflec

50、tive thinking 8)A key element of any organizations strategy is identifying:A)its potential shareholders.B)its target customers.C)competitors products.D)employee needs.Answer:B Diff:3 Terms:strategy Objective:3 AACSB:Reflective thinking 9)Explain the role of management accounting in helping an enterp