Accounting Decision Making
Essay Preview: Accounting Decision Making
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Management Accountants are mainly involved in providing the information needs to:
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suppliers
shareholders
internal users
external users
Which of the following is an internal user of accounting information of the Colorado Company :
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internal auditor from the Australian Taxation Office
management of the Colorado Company
creditor of the Colorado Company
customer of the Colorado Company
To assist in decision making, Specific Purpose Reports are mainly used by:
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Shareholders
Management
Trade Unions
All of the above
Buying shares in a company is more attractive than investing in a business
because shares are often easier to sell.
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True
Score:
The external users of accounting information are managers who plan, organise, and run a business.
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False
In sharemarket tables which appear in the daily newspaper, the term “move” refers to:
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the number of places the company has moved up or down in the ASX 200
the number of shares that have been traded by shareholders
change in value of the shares from the previous days trade
none of the above
10.
The All-Ordinaries index measures :
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the change in the amount of dividends paid on a daily basis
the change in the number of shareholders
the change in the share price of all types of shares on the sharemarket
the change in the share price of a specific type of share on the sharemarket
12.
“Dividend Yield” is expressed in:
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percentages
points
dollars
cents
14.
Overseas trends can often influence the daily share prices on local sharemarkets.
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True
15.
“dot.com” companies are generally regarded as a low risk investment alternative.
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False
What is the first step of the Decision Making Process:
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evaluate
implement
identify
seek alternatives
Who is responsible for providing a professional opinion as to whether the financial statements fairly represent the organisations position, performance and cash flow:
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financial accountant
internal auditor
management accountant
external auditor