Which of the following is not a managerial planning or control report?

Q: Which of the following statements about finance, accounting, and financial management is most…

A: Finance is the amount or value of money being held by the business. Accounting is the process of…

Q: hich of the following is not one of the criteria for revenue recognition? (Assume the company…

A: As Per ASPE Revenue Recognition,  Revenue is the gross inflow of cash receivable or other…

Q: Answer the following: In detail, what's the benefit of accounting harmonization?

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: Which of the following statements regarding flaws suffered by financial measures is not correct? A)…

A: Operational Measures are useful in identifying operational problems.

Q: Under what type of financial risks you would put these risk factors? Economic Distress…

A: A risk is something that can cause a possible loss or damage to an individual or a corporation and…

Q: Which of the following may motivate managers to decrease the size of the allowance for doubtf Place…

A: Allowance for Bad debt is provision made for estimated uncollectible debt in the books of accounts.…

Q: Which of the following situations is most likely to pose a problem for companies that use return on…

A: Return on investment is computed as the average return generated dividend by the investment made in…

Q: A profit center responsibility report​ ________.   A. is the same as a performance report   B.…

A: Profit center responsibility report is prepared using cost volume profit income statement format and…

Q: Why is the level of and movement in the operating expense percentage an important indicator of…

A: Operating expenses are the expenses required for the operation of the business.

Q: These are measures not found in the chart of accounts, such as customer satisfaction scores or…

A: Since you have asked multiple questions, we will solve the first question for you . If you want any…

Q: Please answer quickly: How do the objectives of evaluating financial condition differ between…

A: A creditor is a financial expert who evaluates the creditworthiness of assets, individuals, and…

Q: Which of the following is not a  management accounting report? A.Income statement B.Sales forecast…

A: Management accounting reports: Management accounting reports are those reports which are prepared…

Q: Which of the following is not a management report? A.Sales by product actual versus budget B.…

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: auditor’s written management representation

A: Option A is wrong because written representations are not made for cost-benefit justification.…

Q: “Management accounting should not fit the straitjacket of financial accounting.” Explain and givean…

A: Financial accounting is concerned primarily with the financial data related to an organization…

Q: Which is correct about financial information? a. Financial information’s purpose is only to comply…

A: a. Financial information’s purpose is only to comply with needs of external users such as the…

Q: Which of the following best characterizes an agency problem? Group of answer choices   a spending…

A: In corporation managers are appointed by the shareholders for management of the company. There…

Q: If the company reduces inventory without affecting sales, what effect should this have on the…

A: Inventory is the term which is defined as the goods as well as the materials that the company holds…

Q: Budgetary Control

A: Which of the following does not help in effective cost control in a company. Correct answer :-…

Q: Which of the following is not a type of Management Report in QBO? Select one: a. Company Overview…

A: QBO - Quick book online is kind of software for small business for management of accounting, tax…

Q: Which of the following statements about the balanced scorecard approach is false? O It requires…

A: A balanced scorecard is a very important and useful management technique used for performance…

Q: III. Challenging budgets tend to motivate improved performance.

A: In the budget, the targeted performance of each employee is determined. These can be used as a…

Q: What key issues must managers face in the financial distress process?

A: Financial distress happens when revenues or income and no longer meet or pay for the financial…

Q: In what way can the use of ROI as a performance measure for investment centers lead to bad…

A: ROI:   It is a measure on the amount of return on a particular investment with respect to the…

Q: Which of the following statements relating to budgeting is NOT true? a) A budget is a formal…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: In what ways might using ROI as a performance indicator for investment centers lead to poor…

A: ROI: It measures the amount of return on a specific investment to the cost of the investment. The…

Q: It has been suggested that not all accounting choices are made by management in the best interest of…

A:

Q: How would your error affect breakeven sales and operating income under the proposed sales commission…

A: Affect of error on break-even sales and operating income:

Q: Explain how management accounting should not fit the straitjacket of financial accounting.

A: Definition: Management accounting is concerned with the financial and non-financial data that help…

Q: Economic consequences of accounting standard-setting means: a.    standard-setters must give first…

A: Answer:   Option d.

Q: How does subjective accounting policies at General Electric assist in hiding poor decision-making…

A: The question as appearing to me looks incomplete. But I'll do my best to get to your point.…

Q: What are the advantages and disadvantages of implementing credit scoring within a financial…

A: The question is related to identifcation of advantages and disadvantages of implementation of credit…

Q: Management is a user of financial analysis. Which of the following comments does not represent a…

A: Financial statements are prepared to show the financial status of a company for its users. The…

Q: The following statements are true regarding the financial perspective EXCEPT: a. Financial…

A: Any key objective that is related to the company’s financial health and performance may be included…

Q: If a particular accounting choice is considered aggressive in nature, then the fi nancialperformance…

A: When a particular accounting choice is considered to be aggressive in nature then it affects the…

Q: How may using ROI as a success indicator for investment centers lead to poor decisions? How does the…

A: ROI: It calculates the amount of return on a particular investment about the investment's cost. The…

Q: A profit center manager has the responsibility and authority for making decisions that affect…

A: DuPont examination helps in perceiving that the ROI (return on investment) of an organization can be…

Q: Generally speaking, budgets are not used to: assist in the control of profit and operations.…

A: Explanation: Budgets are prepared by the company to 1. Evaluate the performance of particular…

Q: Which of the following is correct about the Limitations of accounting? Select one: a. Accounting not…

A: The process of identifying, recording, summarizing, analysis of data is known as accounting. It is…

Q: Agency costs are best defined as: The cost of conflict between the banks and shareholders O The cost…

A: Agency costs are the internal costs which arise due to the conflict of interest between firm's…

Q: Why is pro forma earnings reporting coming under scrutiny? How can you mitigate the "bad press"…

A: Pro forma earnings reporting refers to those financial statements that have hypothetical amounts as…

Q: What is the positive and negative impact of the credit and collection functions on the other parts…

A: Credit refers to the debt and loan that is provided by the company to others at a certain rate of…

Q: Which of the following statements is true? Select one:   1.Non-financial measures may reflect…

A: The question is related to  select which satement is true.

Q: 65. The finance manager of ABC Co. approves the financial statements that has an overstated net…

A: Financial statements are the result of whole accounting process, under which all transactions are…