Expert Q&A 1 Management accounting deals with what kind of information a) d) 2. a) d) Qualitative b) Quantitative c) Both None of the above Management accounting provides valuable services to management in performing: 3. Coordinating b) Controlling c) Planning All management functions Which of the following statement is true about management accounting? a) future Management accounting is mainly concerned with b) The use of management accounting is compulsory c) d) Management accounting is objective in nature. Management accounting and cost accounting are synonymous 4. The branch of accounting which primarily deals with processing and presenting accounting data for internal use in a concern is: a) Management accounting b) Financial accounting c) Cost accounting d) Inflation accounting Management accounting is the ranch of accounting concerned with reporting to: 5. a) c) The government d) Internal managers b) Shareholders Bankers Done 6. Which of the following is not an objective of managerial accounting? a) To help in planning and decision making b) To provide data about the latest position of the firm c) To help in policy formulation d) To find profit or loss of the firm 7. Which of the following is a scope of management accounting? a) Budgeting b) Forecasting c) Cost accounting d) All of the above 8. Which of the following statement is not true about management accounting? a) b) c) d) It is future oriented Not bases on double entry system of accounting It has been done for internal users Management accounting is based on historical records 9. In value chain analysis coordination acquiring and assembling of resources to produce a product is classified as: a) Resourcing b) Value acquiring c) Production d) Value acquaintance 10. If cost of direct materials use in goods sold is 5000 and total revenue are 9900 the throughput contribution would be a) $5000 b) $14000 c) $4000 d) $9000