Managerial Accounting-Activity 4

This is based on relevance or timeliness of reporting to the management.

• Managerial Accounting

• Financial Accounting

• Both

It deals with business events.

• Managerial Accounting

• Financial Accounting

• Both

Key management functions are planning, organizing, reporting and decision-making.

• True

• False

The goal of proper administration is to delegate the task, train staff and segregate duties to ensure needed reports or outcome can be attained by the management.

• True

• False

A managerial accountant who prepares clear reports and recommendations after analyzing relevant facts is exercising which of the following standards?

• Objectivity

• Integrity

• Confidentiality

• Competence