The explanation must Related Strategic management accounting 1. What is the impact of lack of technology on the company?
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The explanation must Related Strategic management accounting
1. What is the impact of lack of technology on the company?
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- 15 Which of the following does not describe the main focus of management accounting? a. Decision-making b. External c. Control d. PlanningGiven below question on accounting information system subject. You are required to give answers based on your own understanding with revelent examples. 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information. 2. What is the relationship among data, information and an information system? 3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS) 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.14/Which of the following are the tools of management accounting? i. Standard costing ii. Cash flow statement iii. Budgeting iv. Responsibility accounting a. i ,ii, iii & iv b. i, ii & iii c. i, ii & iv d. ii ,iii &iv
- Please written by computer source 1. What time of Management Level is Accounting? (Operational, Tactical, or Strategic Management).{Auditing} 3. Which one of the following is the process of identifying, recording, analyzing and communicating financial information to stakeholders? a. Assurance b. Auditing c. Internal control d. None of the optionsPLEASE ANSWER ALL 1. Reactions to information provided by management control system are:a. Formulated in the organization’s strategic plan.b. Judgmental, and are based on interpretations and circumstances.c. Assessed by the communication network of the MCS.d. Determined as those activities that will be most efficient and effective given the organization’s available technology. 2. A management accounting system should provide information to:a. All functional areas of the organization.b. Only accounting area of the organization.c. Only the production area of the organization.d. Organizational managers, but not to staff personnel. 3. Which of the following is not primary goal of a cost management system?a. Use cost drivers to develop product costs.b. Improve understanding of the activities.c. Develop organizational strategies.d. Measure performance.
- Subject accounting information system.. answer in long explain 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.42 Which of the following is the main role of management accounting? a. Planning b. Providing of information to management c. Decision making d. Direction Clear my choiceQ2 The new focus in management accounting is customer satisfaction. Consider the above statement and discuss the key factors that a management accountant must emphasize and concentrate on for the success of his organization. (You are to give Five (5) factors of 100 words each ). (HINT : Your explanation for each of the factor should demonstrate the connection between customer satisfaction and success of the business.
- {Auditing} 6. Internal control goes beyond accounting function and incorporates both accounting and administrative control. From the following alternatives, identify which one is not a part of accounting control? a. Standard Costing b. Internal check c. Bank Reconciliation d. Performance appraisalCoincidence one: You stopped by the accounts payable department and retrieved a series ofrecently submitted invoices for various trade expenses related to the auditorium constructionproject. “One of the things you wanted to accomplish was to understand how the accountingcodes worked—what was capitalized; what was expensed; how it was recorded, etc.” So, yougrabbed a stack of processed invoices with accounting codes and went up to the construction siteto meet with the vice president for an hour-long interview. Coincidence two: the secretary for the audit department, Joyce Williams, was not only onSmall’s bowling team, but she was also his neighbour. They saw each other regularly at the localbowling alley. She took notice when Small’s behaviour became somewhat extravagant. At first,he took to buying the team drinks, a habit most appreciated by his teammates. However, thesecretary began wondering where all the money was coming from when he showed up in his newMercedes (one of five cars he…A governmental audit may extend beyond an examination leading to the expressionof an opinion on the fairness of financial statement presentation to includeProgram EconomyResults Compliance and Efficiency(1) Yes Yes No(2) Yes Yes Yes(3) No Yes Yes(4) Yes No Yes
