Reporting financial information imposes costs and obviously these costs should be justified by the ____________ of reporting that information. a. Availability • b. Benefits c Timeliness d. Quality

Q: In order to be relevant, financial information must have O neutrality. O confirmatory or predictive…

A: Financial information is the information regarding the financial aspects of business and this…

Q: The matching concept helps managers provide for more effective operations because it suggests Group…

A: Ans. Matching concept ensures that all the cost and revenue belonging to a period should be…

Q: Recording advertising expense complies with which of the following methods of the Matching…

A: we cannot create assets of the part of the expanse due to no link related to sales.

Q: What type of analytics would encompass creating Key Performance Indicators (KPI’s) from the…

A: Introduction: Customers are driven by key performance indicators (KPIs), which are used by…

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: Which method is linked with scarcity and determines the value of human resources by establishing…

A: It is very important to value the employees in an organization. The valuation helps the management…

Q: Maximizing the profit of the concern comes under ____________objective of financial management a.…

A: Financial management means planning, organising, directing and controlling the financial needs of an…

Q: 8. ______________ is a professional service with an aim of improving the quality and transparency of…

A: Solution: Assurance  is a professional service with an aim of improving the quality and transparency…

Q: 1 Consider the following statements concerning costs. When making​ decisions, relevant costs that…

A: Management accounting is the one widely used by the management and the accountants for various…

Q: Which of the following is NOT one of the limitations of Management Accounting? Select one: a. Lack…

A: Management accounting is one form or branch of accounting which says that management takes decisions…

Q: Information in a company’s first IFRS statements must: a.    have a cost that does not exceed the…

A: Definition:   International Financial Reporting Standards (IFRS): IFRS is a set of international…

Q: Examine the following options which explain the objective of financial statements? a. They assist…

A: Financial statements are the reports or statements that are being prepared by an entity at the end…

Q: All of the following are essential requirement of good report writing except one. O a. Cost…

A: A report is a written document that shows information in an organized way using a specific format…

Q: Responsibility centers typically involve cost, profit, and investment centers. What is the basic…

A: A responsibility center is a functional entity within a company with its own aims and objectives,…

Q: The Multi-Dimensional Statements Approach of Social Accounting was proposed to extend financial…

A: Following is the answer to the given question

Q: What kind of information is gathered from a valid and trusted source and can be depended upon to be…

A: Accounting information is very useful information which is being collected for the purpose of…

Q: describe motivations that might cause management to issue fi nancial reports that are nothigh…

A: The reports that are prepared by the management of to represent the financial performance of a…

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: Non financial measures are related to elements of result control Select one: O a. Market condition O…

A: Non financial measures are helpful in providing information on a company's performance in non…

Q: What is the primary disadvantage of utilizing revenue from operations to evaluate investment…

A: Investment centers are businesses that invest in other companies to boost their profits.

Q: Opportunity costs represent: a) Costs avoided by making a particular decision. b) Benefits foregone.…

A: Opportunity cost of a project can be determined by assigning weights to various alternatives…

Q: With relevant examples demonstrate the essence of sound financial management to supply chain

A: Financial management is defined as the planning, organizing, directing, and also controlling of the…

Q: ​_______ can be defined as compelling events to go according to plan.   A. Budgeting   B. Management…

A: Compelling events are events that forces to take some decision.

Q: Which one of the following is related to the decision making function of management: O a.…

A: Management is required to take various decisions from time to time so as to perform the business…

Q: The benefits of management accounting information include:   a. More effective planning b. All of…

A: management accounting -  Management accounting helps managers in making operational decisions, helps…

Q: When conducting a cost-volume-profit analysis determine where the most challenges for accountant…

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: “Companies should focus on financial measures of quality because these are the only measures of…

A:

Q: There is .... relationship between conservatism as accounting value and individualism as a culture…

A: The question is related to conservatism as accounting value and individual as culture values both…

Q: Clear lines of authority and responsibility are essential to establishing a responsibility…

A: Responsibility Accounting System:  Its a system which Divides the Entire Organization in to multiple…

Q: Which of the following statements is not an Objective of the cost management system Select one: a.…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Which of the following is not a way an accounting system can generate motivation? Multiple Cholce…

A: The accounting system is a computerized and technological way of performing and executing…

Q: Answer of the following question related to these characteristics and constraints. A company should…

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: Which of the following is one of the limitations of Management Accounting? Select one: O a. Lack of…

A: Management accounting is used by organizations to prepare budgets and estimates for the future. It…

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: For each numbered (1-10) performance measure characteristic, select the appropriate lettered (A-J)…

A: Financial _____ H. Customers and shareholders Internal _____ C. Processes and capabilities…

Q: (b) Contrast and compare the WACC and the APV methods and critically evaluate strengths and…

A:

Q: Identify the factor that affects the faithful representation. a. Efficiency of computer systems b.…

A: Level of incomplete is a factor that affects the faithful representation.... Option D level of…

Q: It is a process needed in financial planning that examines the objectives using the individual's…

A: Financial planning is very important for the personal finances and to have comfort in life.

Q: Safeguarding resources against loss is an example of operations objectives Select one : a . True . b…

A: The answer is as fallows

Q: The management accounting can be stated an extension of Responsibility Accounting O a . False O b .…

A: Solution:- Introduction:- Management accounting is the system of preparing reports regarding…

Q: What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: In applying the revenue recognition​ principle, which of the following statements regarding multiple…

A: Explanation: For an example  If an entity has signed a contract that has to perform more than one…

Q: Setting objectives and identifying methods to achieve those objectives is calleda. planning.b.…

A: Planning entails the maintenance and organizational approach to reaching strategic goals. Managers…

Q: Management Accounting Versus Financial Accounting. Management accounting differs from financial…

A: Hello, I am only answering first question as per the policy and if you want other to be answered…