WorksheetsManagerial accounting (quiz 1)
Total questions: 15
Worksheet time: 9mins
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
Cost - 10,000
Sales- 10,000
This is an example of _______.
Cash flow analysis
Break even analysis
Product costing and valuation
Expenses - 4,000
Income - 10,000
This is simple example of ______.
Cash flow analysis
Break even analysis
Product costing and valuation
Flour- 1,000.00
Salt- 200.00
Sugar - 240.00
Oil- 100.00
This is an example of ______.
Internal rate of return
Break even analysis
Product costing and valuation
____ is anexample of managerial accounting.
Purchase of asset
Cash payment to supplier
Credit sales
All of the above
Managerial accounting guides ______users.
Internal
External
