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    Încărcat de

    Abdul Gaffar
    19 vizualizări1 pagină
    The purpose of maintaining both cost accounting and financial accounting systems is to: 1) Provide sufficient information to managers and stakeholders about the organization and its activities. 2) Aid managers in the decision-making process. Management information systems help satisfy the information requests of managers by pulling together all of an organization's resources to give the required information. They collate, extract, and review items of accounting and non-accounting information which are key to a company's performance, including budgeted versus actual costs of production.

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    The purpose of maintaining both cost accounting and financial accounting systems is to: 1) Provide sufficient information to managers and stakeholders about the organization and its activities. 2) Aid managers in the decision-making process. Management information systems help satisfy the information requests of managers by pulling together all of an organization's resources to give the required information. They collate, extract, and review items of accounting and non-accounting information which are key to a company's performance, including budgeted versus actual costs of production.

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    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
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    19 vizualizări1 pagină

    Img 0001

    Încărcat de

    Abdul Gaffar
    The purpose of maintaining both cost accounting and financial accounting systems is to: 1) Provide sufficient information to managers and stakeholders about the organization and its activities. 2) Aid managers in the decision-making process. Management information systems help satisfy the information requests of managers by pulling together all of an organization's resources to give the required information. They collate, extract, and review items of accounting and non-accounting information which are key to a company's performance, including budgeted versus actual costs of production.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
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    din 1

    4: Ihe llalur& $onrue and

    purp0ffi
    0l ltanagemenl
    Inl0rmali0ll
    O STfi
    ,/ .
    -rL
    1L^
    ^..-a^n-
    af aaaarr..tino i-e- cost accounts
    and financial
    /e.Thepu-rposeof4aintainingboththesystemsofaccountingi.e.costat
    accounts Is
    A To provide sufficient information
    to managers as well as stakeholders
    as regards the organisation
    and
    its activities
    To aid managers
    in the decision-making
    process
    Only A
    ^:
    A and B both
    20. The management
    information
    system helps satisfy the information
    requests of managers
    by
    A Pulling together allthe organisation's
    resources
    to give the required information
    B Contacting
    external
    parties to gather information
    c Catting for meetings of the concer"i';;;;;;;ntal
    heads who can
    provide this information
    D None ofthe above
    2l.Whichofthefollowingtypesofinformationismainlyusedbypersonsexternaltotheorganisation?
    A The report on the production targets for the coming week
    ,
    B The historical records of the company and
    profit statements
    C The management
    report on the
    possible new areas of expansion
    22. Themanagement
    and the financial accounts
    differ in
    A The numbers that they reflect for the same set of data
    B The base ori" in"V use for the purpose of presenting the data
    c Financial accounts
    contains mainrv monetlry oata ivnite management
    accounts
    contains numerical as
    well as non-monetary
    data
    D The terminologies
    used to present the same data
    23. Which of the following
    is a management
    accounting
    function?
    A The
    preparation of an analysis report on the areas of cost control
    B To apply the costs incurred to the products
    C fo piep'are the
    profit statement
    for the
    previous month
    D To apportion the costs to the various
    products
    24.Costaccountingisusedextensivelyinthemanufacturingindustriesas
    A These are sensitive
    to costs and hence costs need to be monitored
    closely
    B These incur high
    production costs
    c These ,r" ,"qiii"J io maintain cost records to continue with
    production
    D These are industries
    with highty il;;"ti^g ;"ts and n.ieio,e need to keep tack of the cost behavlour
    25. The foilowing rerate to cost and management
    accountirg
    funcrions-
    which one is a
    purely cost
    accounting
    function?
    A Analysis of information
    on the data collected
    for corsurnsirr
    d a partidrlar snack item and
    preparation
    of reports on
    ""ti,,t"O
    costs invohrcd on the ba*s of
    past data
    B The allocation Jovefieads
    to the nadrrus
    producthn cost-efies^-^:^-
    C fne
    preparation of a feasibility
    report on tte
    possibift&s d an e:@tgon
    ne,rsion on the estima
    The recording of costs for various
    producrs ano antving-at;aip.op,iat"
    condusion
    on the estimated
    costs for the idditional
    order to be tulfilled
    26.Managementinformationsystemsaredesignedtocollate'exhactard]eviewitemsofaccountingandnorr
    accounting
    intoni"iion
    *nitirt
    ""
    key to a ;mpany's
    perfonnare' irdtdirg:
    (i) Changes in market share for products
    (ii1 eroRt margin in each
    product range
    iiii)
    rne composition
    of its shareholders
    iiv)
    AuOgeted as compared to actual costs of production
    B
    c
    D

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