Management accounting test

on the subject "Management accounting"

Question 1. What is management accounting?
1. Is a process of movement of funds of the organization.
2. It is a process of identifying, measuring, accumulating, analyzing, processing and transmitting information about the economic activities of an enterprise used for planning, management and control.
3. Transfer of information about the movement of funds within the organization.
4. an integrated system for collecting, processing and providing analytical information to internal users to optimize the activities of the enterprise and coordinate its future development.

Question 2. What are the main features of management accounting?
1. The management of the organization does not have the right to choose for use those accounting rules that it considers most useful for making decisions, without worrying about whether they comply with generally accepted norms or legal requirements (accepted accounting principles).
2. The sphere of interests of management accounting includes information having the character of a forecast, and information about what has already taken place. The decisions made are directed towards the future, and therefore the directorship needs detailed information about the estimated costs and revenues (time correlation of information).
3. The focus of management accounting is on large areas or areas of the organization, for example, certain types of products and indicators, departments and sales areas.

Question 3. When introducing a management accounting system into the organization's management process, it is necessary to solve the following tasks. What are they?
1. Improvement of current and subsequent control.
2. Preparation and adoption of management decisions
3. Follow-up control is optional.
4. Each employee monitors his goal

Question 4. What is financial accounting?
1. This is an official accounting, it is mandatory for all enterprises without exception
and organizations. Financial reporting documents are submitted to the tax authorities
inspections that are subject to audit can and should be published.
2. This is an account that is necessary for the management, specialists of the enterprise for making decisions, promptly responding to changing production conditions, its materials may constitute a commercial secret
3. This is the accounting that is necessary for the specialists of the enterprise to make decisions, to respond quickly so that the conditions of production do not change.

Question 5. What are the forms of reporting information?
1. They are the same for all enterprises, regardless of their organizational and legal form.
2. Each company has its own reporting form.
3. Forms designed for each type of activity.

Question 6 Frequency of reporting for financial statements?
1. There are strictly defined deadlines, it is submitted at the end of each quarter and for the year.
2. The deadline for submitting such reports is set directly by the management of the enterprise, as a rule, a week, decade, month.
3. The materials of the reports are not limited by strict time frames.

Question 7. What is the method of financial calculations?
1. Financial calculation focuses primarily on departments within the organization
2. The materials in the financial statements are based primarily on original accounting data.
3. Accumulation of data on production costs required in financial accounting.

Question 8 What are the principles of accounting and financial accounting?
1. The use of uniform accounting units
2. The principle of communication within the enterprise.
3. They are based on principles such as the principle of single entry, the principle of data flow, etc.
4. The principles of materials for the past period and forecast estimates for the future are guided by both the accountants themselves and the regulatory authorities

Question 9. What is the essence of the budget management method?
1. It is used in small businesses as a tool for personnel control and regulation.
2. It is used in large enterprises as a planning tool