Question 1

Budgets are a formal expression of management's plans.

Accepted Answer

A) True 
 B)False  True

Question 2

The informal organisational structure plays no real part in the management of a decentralised organisation.

Accepted Answer

A) True 
 B)False  False

Question 3

Would it be true to say that management accounting practices are the same all over the world?

Accepted Answer

No - they are different all over the world, whether in China, India, Germany, Japan, US, UK. They will differ through history, culture, development, need, type of industry.
Yes - Spread of multi national firms and globalisation and the spread of good practice.

Question 4

In a decentralised organisation, most decisions are made by top management.

Accepted Answer

A) True 
 B)False

Question 5

A performance report typically compares budgeted data to actual data.

Accepted Answer

A) True 
 B)False

Question 6

CIMA is

Accepted Answer

A) generally not involved in ethical issues. 
B) not involved in transfer pricing issues. 
C) recommends that accountants focus on short term performance. 
D) responsible for monitoring and enforcing professional ethics. 
A) generally not involved in ethical issues. 
B) not involved in transfer pricing issues. 
C) recommends that accountants focus on short term performance. 
D) responsible for monitoring and enforcing professional ethics.

Question 7

Management accounting is concerned with providing information to creditors and others outside of an organisation.

Accepted Answer

A) True 
 B)False

Question 8

The organisation chart

Accepted Answer

A) shows lines of authority within an organisation. 
B) shows whether or not the organisation is decentralised. 
C) shows both formal and informal channels of communication between managers. 
D) none of these. 
A) shows lines of authority within an organisation. 
B) shows whether or not the organisation is decentralised. 
C) shows both formal and informal channels of communication between managers. 
D) none of these.

Question 9

The pace of innovation in the business world has been easy for employees to deal with.

Accepted Answer

A) True 
 B)False

Question 10

The pace of innovation in the business world has been easy for businesses to deal with.

Accepted Answer

A) True 
 B)False

Question 11

'Shared service centres' are normally places of worship used by more than one religious body.

Accepted Answer

A) True 
 B)False

Question 12

A line position is one that is directly related to the achievement of the basic objectives of an organisation.

Accepted Answer

A) True 
 B)False

Question 13

Which of these is not a threat from globalisation?

Accepted Answer

A) The increasing use of English as the language of business 
B) Freer movement of goods. 
C) Companies expanding out of their home markets. 
D) The internet. 
E) None of these
F)All of these 
A) The increasing use of English as the language of business 
B) Freer movement of goods. 
C) Companies expanding out of their home markets. 
D) The internet. 
E) None of these
F)All of these

Question 14

Service industries provide different challenges for management accounting than do manufacturing industries.

Accepted Answer

A) True 
 B)False

Question 15

The managerial accounting reports of a company would be of most interest and benefit to the company's

Accepted Answer

A) bankers. 
B) shareholders. 
C) bondholders. 
D) director of manufacturing. 
A) bankers. 
B) shareholders. 
C) bondholders. 
D) director of manufacturing.

Question 16

Global competition:

Accepted Answer

A) is mainly a problem for companies in Europe and the US. 
B) can come from unexpected sources. 
C) is not having an impact on the quality of goods. 
D) can be a benefit for companies. 
A) is mainly a problem for companies in Europe and the US. 
B) can come from unexpected sources. 
C) is not having an impact on the quality of goods. 
D) can be a benefit for companies.

Question 17

Non-monetary data can be very useful for management accounting.

Accepted Answer

A) True 
 B)False

Question 18

One of these is not a cause of globalisation:

Accepted Answer

A) Increase in the barriers to free trade 
B) The rise of India and China 
C) Increased sophistication in financial markets 
D) The internet 
A) Increase in the barriers to free trade 
B) The rise of India and China 
C) Increased sophistication in financial markets 
D) The internet

Question 19

Planning does not involve one of the following:

Accepted Answer

A) Identifying alternatives. 
B) Learning from the past. 
C) Expressing things formally in budgets. 
D) Keeping the organisation functioning smoothly. 
A) Identifying alternatives. 
B) Learning from the past. 
C) Expressing things formally in budgets. 
D) Keeping the organisation functioning smoothly.

Question 20

The quality of a company's management accounting system is irrelevant to a company's success.

Accepted Answer

A) True 
 B)False

Budgets are a formal expression of management's plans.

The informal organisational structure plays no real part in the management of a decentralised organisation.

Would it be true to say that management accounting practices are the same all over the world?

In a decentralised organisation, most decisions are made by top management.

A performance report typically compares budgeted data to actual data.

CIMA is

Management accounting is concerned with providing information to creditors and others outside of an organisation.

The organisation chart

The pace of innovation in the business world has been easy for employees to deal with.

The pace of innovation in the business world has been easy for businesses to deal with.

'Shared service centres' are normally places of worship used by more than one religious body.

A line position is one that is directly related to the achievement of the basic objectives of an organisation.

Which of these is not a threat from globalisation?

Service industries provide different challenges for management accounting than do manufacturing industries.

The managerial accounting reports of a company would be of most interest and benefit to the company's

Global competition:

Non-monetary data can be very useful for management accounting.

One of these is not a cause of globalisation:

Planning does not involve one of the following:

The quality of a company's management accounting system is irrelevant to a company's success.

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job Costing Systems

Process Costing Systems

Absorption and Variable Costing

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

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

Filters

Exam 1: The Role of Accounting Information in Management Decision Making

Budgets are a formal expression of management's plans.

The informal organisational structure plays no real part in the management of a decentralised organisation.

Would it be true to say that management accounting practices are the same all over the world?

In a decentralised organisation, most decisions are made by top management.

A performance report typically compares budgeted data to actual data.

CIMA is

Management accounting is concerned with providing information to creditors and others outside of an organisation.

The organisation chart

The pace of innovation in the business world has been easy for employees to deal with.

The pace of innovation in the business world has been easy for businesses to deal with.

'Shared service centres' are normally places of worship used by more than one religious body.

A line position is one that is directly related to the achievement of the basic objectives of an organisation.

Which of these is not a threat from globalisation?

Service industries provide different challenges for management accounting than do manufacturing industries.

The managerial accounting reports of a company would be of most interest and benefit to the company's

Global competition:

Non-monetary data can be very useful for management accounting.

One of these is not a cause of globalisation:

Planning does not involve one of the following:

The quality of a company's management accounting system is irrelevant to a company's success.

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job Costing Systems

Process Costing Systems

Absorption and Variable Costing

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

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

Filters