Question
Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS) :
Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS):
a. Determining the total compensation of the CEO of a public company
b. Issuing a quarterly earnings report
c. Determining the unit product cist using TDABC
d. Calculating the number of units that mist be sold to break even
e. Preparing a required report for the SEC
f. Preparing a sales budget
g. Using cost and revenue information to decide whether to keep, or drop, a product line
h. Preparing an annual statement of financial position that conforms to generally accepted accounting principles (GAAP)
i. Using cost and revenue information to decide whether to invest in a new production system or not
j. Reducing costs by improving the overall quality of a product
k. Using a debt-equity ratio and liquidity ratios from a balance sheet to assess the likelihood of bankruptcy
l. Using a public companys financial statements to decide whether-or-not to buy its stock
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started