Managerial accounting (quiz 1)

Managerial accounting is also known as (a)   .

Management Accounting guides _____ on decision making.

• Accountant

• Managers

• Teachers

• Employee

(a)   is a method of accounting that creates reports and documents to guide the management on decision making.

(a)   focus on creating financial cash flows, costs and internal control.

Cash inflows are _____.

• Expenses

• Income

Cash outflows are _____.

• Expenses

• Income

The roles of managerial accountant includes:

• Supervising low level accountants

• Analyzing and managing financial risks

• Recording and analyzing costs

• All of the above

_____ refers to the calculation of production cost of goods and services.

• Internal rate of return

• Break even analysis

• Product costing and valuation

_____ cash inflow and outflows for production.

• Cash flow analysis

• Break even analysis

• Product costing and valuation

_____ total cost and total revenue are equal.

• Cash flow analysis

• Break even analysis

• Product costing and valuation