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Distinguish Financial from Management Accounting
Value Chain Analysis
Five Step Decision Making Process
Management Accounting Guidelines
Ethics
100
The purpose of information is to help managers make decisions to fulfill an organization's goals
What is management accounting?
100
R&D, production, and customer service are business functions that are all included as part of
What is the Value Chain?
100
The first step in the five step decision making process
What is identify problems and uncertainties?
100
The scenario that resources should be spent if the expected benefits to the company exceed the costs
What is the Cost-Benefit approach?
100
_________ is the foundation of a well-functioning economy.
What are Ethics?
200
The primary users of this type of accounting are external users, such as investors, banks, regulators and suppliers
What is financing accounting?
200
The stage in the value chain that represents the detailed planning and engineering and testing of products, services and processes
What is design of products and processes?
200
Consists of selecting an organization's goals and strategies, predicting results under various alternative ways of achieving those goals, deciding how to attain the desired goals, and communicating the goals and how to achieve them to the entire organization
What is Planning?
200
These help managers make wise economic decisions by providing them with the desired information in an appropriate format and at the preferred frequency.
What are Technical Considerations?
200
This legislation was passed by the U.S. Congress in 2002 in response to a series of corporate scandals; the purpose of the legislation was to improve internal controls and corporate governance.
What is the Sarbanes-Oxley Act?
300
The time span and type of reports for this type of accounting varies from hourly information to 15 to 20 years, with financial and non financial information reports on products, departments, territories, and strategies.
What is management accounting
300
The stage in the value chain that represents promoting and selling products or services to customers or prospective customers.
What is marketing?
300
Comprises taking actions that implement the planning decisions, evaluating past performance, and providing feedback and learning to help future decision making.
What is Control?
300
Analyzing whether to keep the billing function within an organization or outsource it is an example of this type of management accounting guideline
What is the cost-benefit approach?
300
The Sarbanes-Oxley Act of 2002 authorized this government agency to oversee, review and investigate the work of auditors
What is the Public Company Accounting Oversight Board?
400
The behavioral implications of this type of accounting are designed to influence the behavior of managers and other employees
What is management accounting
400
The parts of the value chain associated with producing and delivering a product or service
What is the supply chain?
400
A quantitative expression of a proposed plan of action by management and is an aid to coordinating what needs to be done to execute that plan.
What is a budget?
400
When workers underperform, these type of considerations might suggest that managers need to discuss ways to improve worker performance rather than just sending them a report highlighting underperformance
What are behavioral considerations?
400
Competence, confidentiality, integrity and credibility are standards summarized in this professional organization's standards.
What is the Institute of Management Accountants (IMA)
500
A term used to describe the activities managers undertake to use resources in a way that increases a product's value
What is COST MANAGEMENT
500
An integrative philosophy of management for continuously improving the quality of products and processes.
What is Total Quality Management (TQM)
500
Dismissing the Vice President of of marketing after significant slowdown in subscribers and subscription revenues based on July through September 2013 data is an example of this type of function
What is Control?
500
Recording research costs as an expense for financial reporting purposes (as required by GAAP) but capitalizing and expensing them over a long period of time for management and performance valuation-evaluation purposes is an example of what type of management accounting guideline?
What is different costs for different purposes?
500
If a managerial accountant suspected his or her immediate supervisor of unethical behavior, who happens to be a chief executive officer or equivalent, the managerial accountant should request an immediate meeting with an acceptable reviewing authority such as.
What is the audit committee, executive committee, board of directors, board of trustees or owners