Good management accounting is motivated by:

Government regulators

Accounting rules

Managements desire to improve

All of these are correct

Management accounting is established by:

SEC

GAAP

Individual companies

FASB

Which of the following principles are the least uniform and are not mandatory?

Financial reporting principles

Management accounting principles

Tax reporting principles

All of these are equally uniform and mandatory

The primary internal users of accounting information are:

Managers

Analysts

Investors

Creditors

Providing information for planning, controlling, and evaluating is a function of:

Management accounting

Financial accounting

Governmental accounting

Tax accounting

Which of the following is a fundamental characteristic of management accounting as compared to financial accounting?

Is governed by regulatory agencies

Satisfies a competitive need

Uses only financial data

Uses generally accepted accounting principles

Which of the following is not a function of management?

Planning

Analyzing

Regulating

Controlling

The process of making decisions about future operations is called:

Controlling

Planning

Evaluating performance

Implementing

Strategic planning is:

Planning decisions regarding current operations and those of the immediate future.

The continual evaluation of the profitability of the various product lines and divisions.

The systematic planning for long-term investments in operating assets.

Broad, long-range planning.

Which management function analyzes results, rewards performance and identifies problems?

Evaluating

Controlling

Planning

Tracking