1) Management accounting deals with
a. Quantitative information
b. Qualitative information
c. Both a and b
d. None of the above
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Explanation
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ANSWER: Both a and b
Explanation:
No explanation is available for this question!
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2) The management accounting can be stated an extension of
A) Cost Accounting
B) Financial Accounting
C) Responsibility Accounting
a. Both A and B
b. Both A and C
c. Both B and C
d. A, B, C
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Explanation
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ANSWER: A, B, C
Explanation:
No explanation is available for this question!
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3) The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’
a. Ango-American Council on Productivity
b. AICPA
c. Robert N. Anthony
d. All of the above
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Answer
Explanation
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ANSWER: Ango-American Council on Productivity
Explanation:
No explanation is available for this question!
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4) Management accounting highlights staff relationship with top management as well as other personnel.
a. True
b. False
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Explanation
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ANSWER: False
Explanation:
No explanation is available for this question!
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5) Which of the following statements are false about management accounting?
A) Management accounting is concerned with historical events.
B) Management accounting is related only with such instances which can be expressed in monetary terms.
C) Management accounting is a part of Financial Management.
D) Management accounting information can be disclosed to outsiders.
a. A, B and D
b. A, C and D
c. A, B and C
d. A, B, C, D
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Explanation
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ANSWER: A, B and D
Explanation:
No explanation is available for this question!
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6) Who coined the concept of management accounting?
a. R.N Anthony
b. James H. Bliss
c. J. Batty
d. American Accounting Association
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Explanation
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ANSWER: James H. Bliss
Explanation:
No explanation is available for this question!
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7) Management accountancy is a structure for
a. Costing
b. Accounting
c. Decision making
d. Management
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Explanation
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ANSWER: Decision making
Explanation:
No explanation is available for this question!
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8) Management accounting is related with
A) The problem of choice making
B) Recording of transactions
C) Cause and effect relationships
a. A and B
b. B and C
c. A and C
d. None of the above
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Explanation
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ANSWER: A and C
Explanation:
No explanation is available for this question!
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9) Which of the following are tools of management accounting?
A) Decision accounting
B) Standard costing
C) Budgetary control
D) Human Resources Accounting
a. A, B and D
b. A, C and D
c. A, B and C
d. A, B, C, D
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Explanation
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ANSWER: A, B and C
Explanation:
No explanation is available for this question!
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10) Management accounting assists the management
a. Only in control
b. Only in direction
c. Only in planning
d. In planning, direction and control
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Explanation
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ANSWER: In planning, direction and control
Explanation:
No explanation is available for this question!
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