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Accounting Decision Making

Essay by   •  October 6, 2012  •  Exam  •  904 Words (4 Pages)  •  1,332 Views

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2.

Management Accountants are mainly involved in providing the information needs to:

Student Response Feedback

A. suppliers

B. shareholders

C.

internal users

D. external users

3.

Which of the following is an internal user of accounting information of the Colorado Company :

Student Response Feedback

A. internal auditor from the Australian Taxation Office

B.

management of the Colorado Company

C. creditor of the Colorado Company

D. customer of the Colorado Company

5.

To assist in decision making, Specific Purpose Reports are mainly used by:

Student Response Feedback

A. Shareholders

B.

Management

C. Trade Unions

D. All of the above

6.

Buying shares in a company is more attractive than investing in a business

because shares are often easier to sell.

Student Response

True

Score: 1/1

7.

The external users of accounting information are managers who plan, organise, and run a business.

Student Response

False

1/1

9.

In sharemarket tables which appear in the daily newspaper, the term "move" refers to:

Student Response Feedback

A. the number of places the company has moved up or down in the ASX 200

B. the number of shares that have been traded by shareholders

C.

change in value of the shares from the previous day's trade

D. none of the above

10.

The All-Ordinaries index measures :

Student Response Feedback

A. the change in the amount of dividends paid on a daily basis

B. the change in the number of shareholders

C. the change in the share price of all types of shares on the sharemarket

D.

the change in the share price of a specific type of share on the sharemarket

12.

"Dividend Yield" is expressed in:

Student Response Feedback

A.

percentages

B. points

C. dollars

D. cents

14.

Overseas trends can often influence the daily share prices on local sharemarkets.

Student Response

True

15.

"dot.com" companies are generally regarded as a low risk investment alternative.

Student Response

False

1.

What is the first step of the Decision Making Process:

Student Response Feedback

A. evaluate

B. implement

C.

identify

D. seek alternatives

3.

Who is responsible for providing a professional opinion as to whether the financial statements fairly represent the organisation's position, performance and cash flow:

Student Response Feedback

A. financial accountant

B. internal auditor

C. management accountant

D.

external auditor

4.

...

...

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