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(Resa2017) Mas-A (Management Accounting)

The document discusses the management control process and roles of managers. It contains 4 sequential steps: 1) establishing standards of performance, 2) measuring actual performance, 3) comparing actual performance to standards, and 4) implementing corrective actions. Controllers occupy staff positions that provide assistance rather than direct involvement in operations. Management accounting information is most successful when it helps managers improve their decisions.

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Adam Smith
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612 views

(Resa2017) Mas-A (Management Accounting)

The document discusses the management control process and roles of managers. It contains 4 sequential steps: 1) establishing standards of performance, 2) measuring actual performance, 3) comparing actual performance to standards, and 4) implementing corrective actions. Controllers occupy staff positions that provide assistance rather than direct involvement in operations. Management accounting information is most successful when it helps managers improve their decisions.

Uploaded by

Adam Smith
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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MANAGEMENT ACCOUNTING .
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U 11. The management control process contains the following four sequential steps, including '
i
. A) Implementing a program of corrective action'
8) Comparing actual performance with stankla(ds
C) Etablishing standards of' performance
, Measuring actual performance

What is the proper sequence of these activities? , .


a. D, B, C, A
b. D, C, B, A '
c. C, D, A, B _
d. C, D, B, A , ,
,
-
12. The controller primarily ,

'a. Occupies a line position


_,
b. Occupies a staff position .
c. Occupies a non-supervisory rank-and-file position
d.. Has no or veryr little influence in the decision-making process

0 13. A staff position


a. Is the primary function, of a company's treasurer Clint funCt100
b. Is exercised downward in doing the command function . •
C.
Is directly involved in the' provision of goods and services
d. Is supportive in nature since it provides assistance to other company segments ._

4. Which of the following is MOST LIKELY a -line position? rodtAlt t f,i the
, .
tont tint()
a.. VP for Research of a conglomerate firm
b. Store manager of a retail convenience outlet
c. Chief financial officer of a merchandising company
d. Human resources manager for an educational institution-
, .
0 15. Controllers are usually NOT concerned with _
. _,.. Preparation of tax returns _..
RePtirting fo goveiWrilen
-

C. Protection of assets ,
. Investor relations ctrtas titer .

ii i6. Treasurers are usually NOT concerned with


i i
a. - Financial reporting C GOnttottv
b. Short-term financing
C- Cash custody and banking ,
d. Credit extension and collection of bad debts -
, ,..
D 17. Which of the following is NOT covered by the Standards of Ethical Conduct for Management
'Accountants? I NI A .
a. Int egrity •
, b. • Objectivity
Competence
ompetence -
,
d. Independence con fi defitt Q II t\I

18. Management accounting information is deemed most successfu if it


C a. Is accurate
b.- Is easily understood
, by the user
c. Helps managers improve 'their decisions .
. Helps creditors evaluate the company's ability to pay its debts

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