Term
| For whom is managerial accounting information intended for? |
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Definition
| providing information to report to managers. |
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Term
| What are the three primary activities of managers when it comes to managerial accounting? |
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Definition
1. planning
2. controlling
3. decision making
4. evaluating what's been done |
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Term
| What are the advantages of managerial accounting when compared with financial accounting? |
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Definition
It emphasizes:
1.decisions affecting the future
2. relevance
3. timeliness
4. segment reports |
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Term
| Review the provisions of the Sarbanes-Oxley Act of 2002. |
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Definition
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Term
| Know about the four standards of ethical conduct for managerial accountants. |
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Definition
1. competence
2. confidentiality
3. integrity
4. credibility |
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Term
| What are the three basic elements of manufacturing cost? |
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Definition
1. Direct Materials
2. Direct Labor
3. Manufacturing Overhead |
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Term
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Definition
| is the sum of direct materials cost and direct labor cost. |
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Term
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Definition
| is the sym of direct labor cost nd manufacturing overhead cost. |
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