How is accounting information prepared by management accountants used within an organization?

A) to help operating managers make decisions

B) to plan an organization's operations

C) to control an organization's operations

D) all of the above

Answer:

Companies produce most ________ and ________ information on a routine basis such as every day, every month or every quarter.

A) scorekeeping; problem-solving

B) scorekeeping; attention directing

C) problem-solving; attention directing

D) interim reports; problem-solving

Answer:

Planning refers to ________.

A) the implementation of organizational plans

B) the use of performance reports to evaluate the attainment of organizational objectives

C) setting organizational objectives and establishing the path to attain them

D) an analysis of alternative courses of action

Answer:

The Foreign Corrupt Practices Act requires ________.

A) companies to cease conducting business with companies in some foreign countries

B) companies to reject bribes from companies in foreign countries

C) companies to have an appropriate system of internal controls

D) companies to prepare a separate report on their accounting information system

Answer:

Management-by-exception means that managers should ________.

A) concentrate on areas that deviate from the plan

B) in the absence of other evidence, presume that areas that conform with plans are running smoothly

C) A and B

D) none of the above