Management Accounting Flashcard

Front

Which component of the AMPS model addresses the question of the best way for management accountants to communicate their analyses with decision-makers?

Back

Share the story

Front

Which of the following is considered discretionary information for a company's accountants to provide?
The break-even level of a new product
The annual report submitted to shareholders detailing financial performance
The federal tax return
Sales information as part of the sales tax return

Back

Sales information as part of the sales tax return

Front

Which of the following value chain activities is considered to be a primary activity? Procurement, Inbound logistics, Human resources management, Information technology

Back

Inbound logistics

Front

What requires context to create information? Options: Knowledge, Data, Facts, Data stores

Back

Data

Front

The analysis of variances (e.g., actual performance is different from budgeted performance) is most often associated with which type of analytics?

Back

Diagnostic analytics

Front

Summary statistics are most often associated with which type of analytics?

Back

Descriptive analytics

Front

Time series analysis is most often associated with which type of analytics?

Back

Descriptive analytics

Front

Which of the following is not one of the four overarching ethical principles mentioned in the 2017 IMA Statement of Ethical Professional Practice? Competence, Confidentiality, Credibility

Back

Honesty

Front

Which questions aim to more clearly understand why net income is decreasing when revenues are increasing? What happened? What is happening?, Why did it happen? What are the root causes of past results?, Will it happen in the future? What is the probability something will happen? Is it forecastable?, What should we do based on what we expect will happen? How do we optimize our performance based on potential constraints?

Back

Why did it happen? What are the root causes of past results?

Front

What type of visualization is used to track overtime labor on a continuous, real-time basis?

Back

Dashboard with dynamic display