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Are Managerial accounting reports and information used by EXTERNAL users and financial accounting reports and informa Accounting 2010 FRI Nites: STUDY AREAS for Remaining of Semester FALL 2017 users? 2 Does financial AND managerial accounting affect user's decisions and actions? Does financial AND managerial accounting rely on accepted principles that are enforced through an extensive set of rules and guidelines? Of the five (5) activities of every organization, Managerial accounting information is used for which activities? 3 tion by INTERNAL What are the differences between financial and managerial accounting? 6 A company that produces a large number of standardized units would normally use a job order costing system. 7 Equivalent units of production for direct materials and direct labor are usually the same 8 Can Standard costs be used by the reasonab anagement to assess the reasonableness of actual costs incurred ? As part of the Master Budget, preparing a Cash Budget is required When comparing BUDGET to ACTUAL results for a given period, what i What items or items should NEVER be included in a Cash Budget? 10 the situation(s) that will result in a favorable variance? 11 ls Ca pital budgeting the process of analyzing alternative long-term investments and deciding which assets to acquire or sell? long There are calculations on cash flows or net income? several methods for determining Rate of Return in the Capital Budgeting process. Does the Accounting Rate of Return base its alues are used to evaluate two investments that have equal costs and equal total cash flows, does the investment with less Are Managerial accounting reports and information used by EXTERNAL users and financial accounting reports and informa Accounting 2010 FRI Nites: STUDY AREAS for Remaining of Semester FALL 2017 users? 2 Does financial AND managerial accounting affect user's decisions and actions? Does financial AND managerial accounting rely on accepted principles that are enforced through an extensive set of rules and guidelines? Of the five (5) activities of every organization, Managerial accounting information is used for which activities? 3 tion by INTERNAL What are the differences between financial and managerial accounting? 6 A company that produces a large number of standardized units would normally use a job order costing system. 7 Equivalent units of production for direct materials and direct labor are usually the same 8 Can Standard costs be used by the reasonab anagement to assess the reasonableness of actual costs incurred ? As part of the Master Budget, preparing a Cash Budget is required When comparing BUDGET to ACTUAL results for a given period, what i What items or items should NEVER be included in a Cash Budget? 10 the situation(s) that will result in a favorable variance? 11 ls Ca pital budgeting the process of analyzing alternative long-term investments and deciding which assets to acquire or sell? long There are calculations on cash flows or net income? several methods for determining Rate of Return in the Capital Budgeting process. Does the Accounting Rate of Return base its alues are used to evaluate two investments that have equal costs and equal total cash flows, does the investment with less
