Question 1

Strategic management accounting is essentially theoretical in nature.

Accepted Answer

A) True 
 B)False

Question 2

The value-based management (VBM) technique takes a holistic approach to the management of an organisation and focuses on the underlying 'drivers' of value.

Accepted Answer

A) True 
 B)False

Question 3

Which of these is not a financial performance measure?

Accepted Answer

A)  return on investment 
B)  share price 
C)  economic value added 
D)  none of the above, i.e. all are financial performance measures 
A)  return on investment 
B)  share price 
C)  economic value added 
D)  none of the above, i.e. all are financial performance measures

Question 4

'Relevance Lost' by Johnson and Kaplan ,was published in 1995.

Accepted Answer

A) True 
 B)False

Question 5

Friedman's view of the 'Flat World' involves moving back to embrace the best of the past features of management accounting.

Accepted Answer

A) True 
 B)False

Question 6

The author of many works that attempt to define strategy is:

Accepted Answer

A)  Porter 
B)  Friedman 
C)  Johnson 
D)  Kaplan 
A)  Porter 
B)  Friedman 
C)  Johnson 
D)  Kaplan

Question 7

Early writers on strategic management believed that better control would occur within an organisation if the management accounting function was more closely aligned to the financial accounting.

Accepted Answer

A) True 
 B)False

Question 8

Which of these is an informal control mechanism as opposed to a formal mechanism?

Accepted Answer

A)  the influence of the owner/founder 
B)  social work settings 
C)  one-on-one consultations between senior managers 
D)  all are informal control mechanisms 
A)  the influence of the owner/founder 
B)  social work settings 
C)  one-on-one consultations between senior managers 
D)  all are informal control mechanisms

Question 9

In Porter's competitive forces model which of the following is a decision influencing control tool rather than a decision facilitating control tool?

Accepted Answer

A)  budget targets 
B)  cost data for pricing purposes 
C)  discounted cash flow analysis 
D)  all are decision influencing control tools 
A)  budget targets 
B)  cost data for pricing purposes 
C)  discounted cash flow analysis 
D)  all are decision influencing control tools

Question 10

Management control systems have one main role; to facilitate decisions by providing relevant and timely information to support decision making.

Accepted Answer

A) True 
 B)False

Question 11

The value-based management (VBM) technique, was proposed by Kaplan and Norton.

Accepted Answer

A) True 
 B)False

Question 12

Overproduction is a non-value added activity.

Accepted Answer

A) True 
 B)False

Question 13

Good internal control systems should aim to eliminate risk.

Accepted Answer

A) True 
 B)False

Question 14

Which of these are is not included within the scope of current management accounting?

Accepted Answer

A)  Compliance with international accounting standards 
B)  Consideration of environmental issues 
C)  Consideration of intangible assets 
D)  None of the above, i.e. all are included within the scope of current management accounting 
A)  Compliance with international accounting standards 
B)  Consideration of environmental issues 
C)  Consideration of intangible assets 
D)  None of the above, i.e. all are included within the scope of current management accounting

Question 15

The statement that is incorrect concerning the 'StratEx' (strategic expenditure) component under the Kaplan and Norton's framework, is:

Accepted Answer

A)  This type of expenditure generally involves investment assets that require a different form of analysis to tangible assets, 
B)  This type of expenditure should have its own line in the income statement. 
C)  This type of expenditure is generally given priority by the firm above more routine types of expenditure 
D)  This type of expenditure does not always have a simple causal relationship with sales and operating levels 
E) g. research and development, training. 
A)  This type of expenditure generally involves investment assets that require a different form of analysis to tangible assets, 
B)  This type of expenditure should have its own line in the income statement. 
C)  This type of expenditure is generally given priority by the firm above more routine types of expenditure 
D)  This type of expenditure does not always have a simple causal relationship with sales and operating levels 
E) g. research and development, training.

Strategic management accounting is essentially theoretical in nature.

The value-based management (VBM) technique takes a holistic approach to the management of an organisation and focuses on the underlying 'drivers' of value.

Which of these is not a financial performance measure?

'Relevance Lost' by Johnson and Kaplan ,was published in 1995.

Friedman's view of the 'Flat World' involves moving back to embrace the best of the past features of management accounting.

The author of many works that attempt to define strategy is:

Early writers on strategic management believed that better control would occur within an organisation if the management accounting function was more closely aligned to the financial accounting.

Which of these is an informal control mechanism as opposed to a formal mechanism?

In Porter's competitive forces model which of the following is a decision influencing control tool rather than a decision facilitating control tool?

Management control systems have one main role; to facilitate decisions by providing relevant and timely information to support decision making.

The value-based management (VBM) technique, was proposed by Kaplan and Norton.

Overproduction is a non-value added activity.

Good internal control systems should aim to eliminate risk.

Which of these are is not included within the scope of current management accounting?

The statement that is incorrect concerning the 'StratEx' (strategic expenditure) component under the Kaplan and Norton's framework, is:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters

Exam 12: Strategy and Control

Strategic management accounting is essentially theoretical in nature.

The value-based management (VBM) technique takes a holistic approach to the management of an organisation and focuses on the underlying 'drivers' of value.

Which of these is not a financial performance measure?

'Relevance Lost' by Johnson and Kaplan ,was published in 1995.

Friedman's view of the 'Flat World' involves moving back to embrace the best of the past features of management accounting.

The author of many works that attempt to define strategy is:

Early writers on strategic management believed that better control would occur within an organisation if the management accounting function was more closely aligned to the financial accounting.

Which of these is an informal control mechanism as opposed to a formal mechanism?

In Porter's competitive forces model which of the following is a decision influencing control tool rather than a decision facilitating control tool?

Management control systems have one main role; to facilitate decisions by providing relevant and timely information to support decision making.

The value-based management (VBM) technique, was proposed by Kaplan and Norton.

Overproduction is a non-value added activity.

Good internal control systems should aim to eliminate risk.

Which of these are is not included within the scope of current management accounting?

The statement that is incorrect concerning the 'StratEx' (strategic expenditure) component under the Kaplan and Norton's framework, is:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters