1.

The term management accountancy was first used in

A. 1950 5. Management accounting analyses accounting data
B. 1939 with the help of
C. 1910 A. Auditors
D. 1947 B. Statutory forms
C. Tools and techniques
Explanation: The term "Management Accounting" was D. formula
first used in 1950. The concept of management
accounting was introduced by James H. Bliss. 6. Which of the following is not an internal user of
management information?
A. Creditor
2. Management accounting is also known as
B. Department manager
A. Price level accounting
C. Controller
B. Historical cost accounting
D. Treasurer
C. Financial accounting
D. Decision accounting
7. The use of management accounting is _______
A Compulsory
Explanation: is a branch of accounting that is concerned
B. Optional
with the identification, measurement, analysis, and
C. Obligation
interpretation of accounting information so that it can
D. Statutory requirement
be used to help managers make informed operational
decisions.
Explanation: Management Accounting is a process of
preparing a management report and accounts that
3. The reporting standard for external financial reports is
provides accurate and timely financial information to
A. Industry-specific
the management to decide further course of action
B. Company-specific
about the business.
C. Generally accepted accounting principles
D. Department-specific
Management accounting is normally used in big
4. Managerial accounting does not encompass organization. Its optional and not mandatory.
A. Calculating product cost
B. Calculating earning per share 8. Internal reports must be communicated:
C. Determining cost behavior
D. Profit planning A. annually
B. daily
C. monthly
D. as needed