Chapter 1—Introduction to Managerial Accounting TRUE/FALSE 1. Management accounting information is only used by manufacturing organizations. ANS: F PTS: 1 DIF: Difficulty: Easy OBJ: LO: 1-1 NAT: BUSPROG: Analytic STA: AICPA: BB-Industry | IMA: Business Applications | ACBSP: APC-25-Managerial Characteristics/Terminology KEY: Bloom’s: Knowledge NOT: 1 min. 2. The managerial activity of monitoring a plan’s implementation and taking corrective action as needed is referred to as decision making
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Certified ACCounting teChniCiAn exAminAtion SAmple multiple ChoiCe queStionS – June 2009 Paper T7 Planning Control and Performance Management Section A only All questions are compulsory Note: Section B of the actual exam paper will contain four written questions FOR FREE ACCA & CAT RESOURCES VISIT: http://kaka-pakistani.blogspot.com the following questions are typical of those that will appear in Section A of the examination paper from June 2009 onwards. there will be a total of ten
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While there are numerous similarities between Certified Nurse Assistants and Registered Nurses‚ Certified Nurse Assistance’s are willing to accept more exertion. Although‚ they work in the same work industry and have major responsibilities and duties that are similar CNA’s makes Registered Nurses job easier than it should be. A Certified Nursing Assistant is very crucial to the survival of people who are in need being a Certified Nursing is not an easy task to work in this profession‚ you need to
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Certified Athletic Trainer The National Athletic Trainers Association defines a certified athletic trainer as‚ “An athletic trainer that encompasses the prevention‚ examination‚ diagnosis‚ treatment and rehabilitation of emergent‚ acute or chronic injuries and medical conditions.” According to Becoming an Athletic Trainer‚ “Athletic Trainers (ATs) are health care professionals who collaborate with physicians to give preventive services‚ emergency care‚ clinical diagnosis‚ therapeutic intervention
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costs to be incurred. During the second stage the cost pools are allocated to products or cost objects by utilizing cost drivers that measure the object’s use of that activity. 12. Milken Manufacturing has three product lines. The company’s new accountant‚ Marvin LaSance‚ is responsible for allocating facility-level costs to these product lines. Mr. LaSance is finding the allocation assignment a daunting task. He knows there have been disagreements among the product managers over the allocation of
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into reports. • Accountant maintain‚ audit and prepare financial records for a person or a company. • Main careers in accounting - bookkeeper‚ auditor‚ financial advisor‚ taxation‚ carbon accountant and accountant etc… • Bookkeeping is recording financial recorders and summaries of financial transaction. Accounting is measuring business activities and process information into reports. • Main professional accounting association in Australia are: CPA Australian CPA – certified practising accountant
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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UNIVERSITY OF GUYANA FACULTY OF SOCIAL SCIENCES DEPARTMENT OF ECONOMICS ECN 213 - MANAGERIAL ECONOMICS COURSE OUTLINE SUMMER - 2010 LECTURER: Roger Rogers E-mail: rogers.roger@gmail.com INTRODUCTION Managerial Economics provides a foundation of economic understanding for use in managerial decision-making. Both microeconomic and macroeconomic relations have implications for this decision-making process. Since the demand for a firm’s products plays a major role in determining its
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