ACCT 241 Week 1 Quiz 2 | Assignment Help | American University

ACCT 241 Week 1 Quiz 2 | Assignment Help | American University 


1.

 Required information

We will learn what managerial accounting is and how it is different from financial accounting. We will study how managerial accounting helps managers in key areas of planning, controlling, and decision making. We will learn that managerial accounting skills are useful in just about any career, organization, and industry. We will look at the various managerial perspectives and how these non-quantitative perspectives work hand in hand with the numbers to effectively manage a business.


Knowledge Check 01

Match the term and the definition.

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Knowledge Check 02

Planning involves ________.

 

           hiring employees

          setting goals and objectives

           analyzing financial statements

           coordinating company activities

 


2.

Required information

We will learn what managerial accounting is and how it is different from financial accounting. We will study how managerial accounting helps managers in key areas of planning, controlling, and decision making. We will learn that managerial accounting skills are useful in just about any career, organization, and industry. We will look at the various managerial perspectives and how these non-quantitative perspectives work hand in hand with the numbers to effectively manage a business.


Knowledge Check 01


All of the following are pillars of managerial accounting except ________.


           controlling

           decision making

           planning

•           maximizing profit


3.

Required information

We will learn what managerial accounting is and how it is different from financial accounting. We will study how managerial accounting helps managers in key areas of planning, controlling, and decision making. We will learn that managerial accounting skills are useful in just about any career, organization, and industry. We will look at the various managerial perspectives and how these non-quantitative perspectives work hand in hand with the numbers to effectively manage a business.



Knowledge Check 01

Which of the following is not a business management perspective that goes beyond the numbers to enable intelligent planning, controlling and decision making?


Enterprise risk perspective

Lean production perspective 

Corporate social responsibility perspective

Leadership perspective





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