Management Accounting Quizzes, Questions & Answers
Top Trending Quizzes
Are you ready to dive into the world of management accounting? This intriguing 'Management Accounting Quiz' is specifically crafted to test your knowledge and understanding of key concepts in accounting management....
Questions: 20 | Attempts: 15401 | Last updated: Aug 26, 2024
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Sample QuestionThe term management accountancy was first used in___________
Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA.
Number of Questions: 15 questions
Time Available: 36 mins
Your score will be available instantly along with the correct answers to all...
Questions: 14 | Attempts: 3763 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following statements are true? The main users of financial accouting information are external to the organisation. Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.
This Exam on Accounting tests knowledge on various accounting aspects including period costs, direct labor, and inventory management. It is designed for learners looking to understand cost behaviors and accounting practices...
Questions: 25 | Attempts: 2302 | Last updated: Feb 14, 2024
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Sample QuestionThe salary of a corporate office security guard is considered a(n):
Here we bring you an ACCA F5 Certification exam practice test. One of the basic skills needed, regardless of the type of business opened, is to do proper accounting for either reporting or record-keeping purposes. ACCA is a...
Questions: 45 | Attempts: 3760 | Last updated: Mar 22, 2023
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Sample QuestionThe following costs have arisen in relation to the production of a product: (i) Planning and concept design costs (ii) Testing costs (iii) Production costs (iv) Distribution and customer service costs In calculating the life cycle costs of a product, which of the above items would be included?
Below is an ACCT 1003 quiz on cost and management accounting. The cost and management perspective are comparative in the provision of data and analyses reports that can be used by managers to make decisions that will lead to long...
Questions: 5 | Attempts: 1059 | Last updated: Mar 21, 2023
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Sample QuestionWhen a continuous record is kept of the quantities and cost of merchandise on hand, the inventory system is referred to as periodic.
Recent Quizzes
F2 ASSESSMENT 2 evaluates understanding of costing principles in business scenarios. It tests skills in absorption and marginal costing, labor efficiency, and direct labor cost management, essential for accounting and financial...
Questions: 30 | Attempts: 806 | Last updated: Mar 22, 2023
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Sample QuestionA company manufactures and sells a single product. Next year the budgeted total fixed production costs are $480,000, budgeted sales are 24,000 units and budgeted production is 25,000 units. The budgeted profit for next year using absorption costing principles is $57,500. What is the budgeted profit for next year using marginal costing principles?
Are you familiar with management accounting? Would you like to try this quiz? In managerial accounting, managers utilize accounting information to better inform themselves before making decisions about their organizations, which...
Questions: 28 | Attempts: 931 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following statements is TRUE with respect to variable costs per unit?
The questions are set as per ACCA standards and are hence worded to confuse students.
You can access your total score and the correct answer to each question immediately after submitting your answers.
Number of Questions:...
Questions: 10 | Attempts: 187 | Last updated: Mar 22, 2023
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Sample QuestionWhich of the following statements are true? (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.
This Management Accounting Exam covers critical decision-making aspects in business, focusing on material reworking, product viability, division performance, and investment analysis. It assesses skills in cost management,...
Questions: 24 | Attempts: 136 | Last updated: May 7, 2024
When it comes to production some of the input used can either be too expensive or affordable to make therefore leading to the decision of whether to buy or make. How good are you at analyzing the costs of these two and...
Questions: 23 | Attempts: 481 | Last updated: Mar 21, 2023
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Sample QuestionThe three elements of relevant costs:
Changes in the cost and volume of a product have an effect on the net income from an investment or production. Having a proper understanding on how these two increase or decrease profits can help put your business on the...
Questions: 5 | Attempts: 399 | Last updated: Mar 21, 2023
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Sample QuestionThe following underlying assumptions will limit the precision and reliability of a given cost-volume-profit analysis.
Management accounting involves preparing timely and accurate managerial reports and accounts that help managers to make day to day decisions about the operations of a business. Having covered the basics in class you...
Questions: 27 | Attempts: 341 | Last updated: Dec 12, 2024
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Sample QuestionWhich of the following components are part of SAP CO? (4 correct answers)
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