Transcription of Horngren's Financial & Managerial Accounting, 4e …
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Horngren's Financial & Managerial Accounting, 4e …
1 Copyright 2014 Pearson Education, Inc. Horngren's Financial & Managerial accounting , 4e (Nobles) Chapter 16 Introduction to Managerial accounting Learning Objective 16-1 1) Managerial accounting focuses on providing information for internal planning and control. Answer: TRUE Diff: 1 LO: 16-1 AACSB: Concept AICPA Functional: Reporting 2) Financial accounting prepares reports for internal purposes, whereas Managerial accounting provides information to external stakeholders. Answer: FALSE Diff: 1 LO: 16-1 AACSB: Concept AICPA Functional: Reporting 3) The IMA standards of ethical practice require Managerial accountants to maintain their professional competence. Answer: TRUE Diff: 1 LO: 16-1 AACSB: Ethical Understanding AICPA Functional: Reporting 4) The accountant for Myra Lido deliberately deferred cash payments for business expenses in order to record a higher operating cash flow for the company.
Horngren's Financial & Managerial Accounting, 4e (Nobles) ... The IMA standards of ethical practice require managerial accountants to maintain their professional
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