TKDA_Quiz 1 29/03/23 07.

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TKDA_Quiz 1
putri.nafisah.intani@mail.ugm.ac.id (not shared)
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Which of the following statements about customer value is true? 2 points

Customer value is shown in a corporation's balance sheet.

Creating value for customers is an important part of planning and implementing

strategy.

Customer value is the only focus that helps managers to formulate strategies.

Customer value is lost with increase in costs of the product

Clear selection

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Managerial accounting 2 points

is primarily for external users.

has no mandatory rules.

provides information based on historical information.

must adhere to GAAP.

Clear selection

Management accounting information typically includes ________. 2 points

tabulated results of customer satisfaction surveys

the cost of producing a product

the percentage of units produced that are defective

All of these answers are correct

Clear selection

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TKDA_Quiz 1 29/03/23 07.15

Financial accounting ________. 2 points

focuses on the future and includes activities such as preparing next year's
operating budget

must comply with GAAP (generally accepted accounting principles)

is the process of measuring, analyzing, and reporting financial and nonfinancial

information related to the costs of acquiring or using resources in an organization

is prepared for the use of department heads and other employees

Clear selection

Financial accounting provides the primary source of information for 2 points

________.

decision making in the assembly and finishing department

improving distribution and customer service

preparing the income statement for shareholders and other external parties

planning next year's plans and specifically; the operating budget

Clear selection

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TKDA_Quiz 1 29/03/23 07.15

The primary objective of managerial accounting is 2 points

to provide stockholders and potential investors with useful information for

decision making.

to provide banks and other creditors with information useful in making credit
decisions.

to provide management with information useful for planning and control of

operations.

to provide the Internal Revenue Service with information about taxable income.

Clear selection

Managerial accounting reports are prepared 2 points

according to GAAP guidelines.

to meet the needs of decision makers within the firm.

for external users.

all of these are correct

Clear selection

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Which of the following is true of management accounting information? 2 points

It focuses on documenting past business actions of a firm.

It is prepared based on SEC rules and FASB accounting principles.

It is prepared for shareholders.

It helps with the coordination of elements of the value chain

Clear selection

Activity-based costing 2 points

strives to create an environment that will enable workers to manufacture zero-

defect products.

is the process of choosing among competing alternatives.

was established in response to financial scandals.

encourages process-value analysis.

Clear selection

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The approaches and activities of managers in short-run and long-run 2 points

planning and control decisions that increase value for customers and lower
costs of products and services are known as ________.

value chain management

enterprise resource planning

cost management

customer value management

Clear selection

Which of the following would most likely be the user of financial accounting 2 points

information?

factory shift supervisor

distribution manager

current shareholder

department manager

Clear selection

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Which of the following groups would be least likely to receive detailed 2 points

management accounting reports?

stockholders

sales managers

production supervisors

distribution managers

Clear selection

Which of the following would not be an example of a value-added activity? 2 points

timely delivery of products

offering the customer a variety of products

storage of finished products

excellent customer service

Clear selection

Name

Putri Nafisah Intani

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TKDA_Quiz 1 29/03/23 07.15

Rules for measurement and reporting for management accounting ________. 2 points

state that information must only be useful to management.

do not need to follow GAAP but must meet the cost-benefit test.

must follow GAAP.

must follow GAAP, IRS rules or government standards

Clear selection

Which of the following differentiates cost accounting and financial 2 points

accounting?

The primary users of cost accounting are the investors, whereas the primary users
of financial accounting are the managers.

Cost accounting deals with product design, production, and marketing strategies,
whereas financial accounting deals mainly with pricing of the products.

Cost accounting measures only the financial information related to the costs of
acquiring fixed assets in an organization, whereas financial accounting measures
financial and nonfinancial information of a company's business transactions.

Cost accounting measures information related to the costs of acquiring or using

resources in an organization, whereas financial accounting measures a financial
position of a company to investors, banks, and external parties.

Clear selection

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Managers use management accounting information to ________. 2 points

help external users such as investors, banks, regulators, and suppliers

communicate, develop, and implement strategies

communicate a firm's financial position to investors, banks, regulators, and other

outside parties

ensure that financial statements are consistent with the SEC rules

Clear selection

Financial accounting provides a historical perspective, whereas 2 points

management accounting emphasizes ________.

the future

past transactions

a current perspective

reports to shareholders

Clear selection

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The primary user of management accounting information is a(n) ________. 2 points

the controller

a shareholder evaluating a stock investment

bondholder

external regulator

Clear selection

Which of the following deals with management accounting? 2 points

identifying the costs of acquiring the resources of the company

developing budgets

preparing the income statement

preparing the statement of cash flows

Clear selection

Which of the following statements refers to management accounting 2 points

information?

There are no regulations governing the reports.

The reports are generally delayed and historical.

The audience tends to be stockholders, creditors, and tax authorities.

It primarily measures manager's compensation on reported financial results

Clear selection

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