Here is an interesting 'Management accounting quiz' that is designed to test your knowledge about the concepts of accounting management. So, if you think you have a good understanding of accounting management subject, then you must prove your knowledge with this quiz. All you have to do is choose the correct option for all the multiple-choice questions. Are you ready to take the test? Let's start then. Wishing you all the best!
A. 1950
B. 1939
C. 1910
D. 1947
A. price level accounting
B. historical cost accounting.
C. financial accounting.
D. decision accounting.
A. assist tax authorities
B. assist the management in performing its functions effectively
C. interpret the financial data
D. record business transactions
A. coordinating functions.
B. controlling functions.
C. planning functions
D. all managerial functions
A. financial accounting
B. cost accounting
C. cost accounting and financial accounting
D. cost accounting and inflation accounting.
A. auditors
B. statutory forms
C. tools and techniques
D. formula
A. quantitative data only
B. qualitative data only
C. descriptive data only
D. both qualitative and qualitative data
A. large industries and trading concerns
B. co-operative societies
C. small businesses
D. non-profit organizations
A. future cost that differ between alternatives
B. future costs that do not differ between alternatives
C. past costs that differ between alternatives
D. past costs that do not differ between alternatives
A. to assist in making productions that inputs to a decision model
B. to serve directly as inputs in decision models
C. to assist in making predictions about other information needed for making decisions
D. to assist in making productions that inputs to a management
A. Shareholders
B. Creditors
C. Managers
D. Regulatory agencies
A. Creditor
B. Department manager
C. Controller
D. Treasurer
A. Calculating product cost
B. Calculating earnings per share
C. Determining cost behavior
D. Profit planning
A. Service entities
B. Manufacturing entities
C. Not-for-profit entities
D. All of these
A. General-purpose
B. Macro-reports
C. Special-purpose
D. Classified financial statements
A. Industry-specific
B. Company-specific
C. Generally accepted accounting principles
D. Department-specific
A. Current assets minus Current liability
B. Current assets minus Past liability.
C. Current assets minus Current payments.
D. Current assets minus Current assets.
A. cost.
B. liability.
C. working capital.
D. none of the above
A. 2
B. 3
C. 4
D. 5
A. increase in current asset decrease in working capital.
B. decrease in current asset decrease in working capital
C. increase in current asset increase in working capital.
D. decrease in current asset decrease in working capital.