The purpose of management accounting is to ___________?

Related Mcqs:

1. The human resource management, IT management and management accountants are categorized under ______________?

   A. marketing management
   B. production management
   C. staff management
   D. line management

2. The purpose of financial accounting is ___________?

   A. communicating company position to investors
   B. helping managers make decisions
   C. future oriented
   D. single person orientation

3. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?

   A. external accounting
   B. internal accounting
   C. business accounting
   D. financial accounting

4. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

   A. partial inventory costing method
   B. current period inventory method
   C. Last-in, first-out method
   D. First-in, first-out method

5. In management accounting, an emphasis and focus must be __________?

   A. future oriented
   B. past oriented
   C. communication oriented
   D. bank oriented

6. An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?

   A. benefit approach
   B. cost approach
   C. cost-benefit approach
   D. accounting approach

7. If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of ___________?

   A. data of fixed cost
   B. cost driver of data
   C. pool of data
   D. cost object of data

8. In cost accounting, the goal of variance analysis is to ___________?

   A. understand variance reason
   B. improve future performance
   C. learning of improvement
   D. all of above

9. In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

   A. sales margin
   B. cost margin
   C. Gross margin
   D. income margin

10. An ability of an accounting system, to point out the use of resources in every step of production process is called ___________?

    A. back-flush trails
    B. audit trails
    C. trigger trails
    D. lead manufacturing trails