1. Which phrase best describes the current role of the managerial accountant? A. Managerial accountants prepare the financial statements for an organisation. B. Managerial accountants facilitate the decision making process within an organisation. C. Managerial accountants only reports what has happened in the past in an organisation. D. Managerial accountants are concerned with the provision of information to external parties. 2. The process of identifying, measuring, analysing, interpreting and communicating information to external parties is called A. e-commerce B. management C. nancial accounting D. managerial accounting 3. Which of the following is NOT an internal user? A. Creditor B. Department manager C. Controller D. Treasurer 4. In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is more likely to A. view the entire organisation as the reporting entity B. be tailored to the specic needs of an individual decision maker C. be used by decision makers outside of the business organisation D. focus upon the operation results of the most recently accounting period 5. The main purpose of management accounting is to A. maximise prots B. help in inventory valuation C. assist the fixation of selling price D. provide informatio Page 1 f 2