Type of accounting which measures, reports and analysis non-financial and financial information to help in decision making is called

A financial accounting
B management accounting
C cost accounting
D decision accounting

Correct Answer: management accounting

Type of accounting which measures, reports and analysis non-financial and financial information to help in decision making is called management accounting. Management Accounting is the presentation of accounting information in order to formulate the policies to be adopted by the management and assist its day-to-day activities.
Bissoy MCQ
#Management #Management Accounting

Related Questions

Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as
A material accounting
B cost accounting
C supplies accounting
D business accounting
An accounting which records and measures business transactions and is followed by general accepted accounting principles is classified as
A external accounting
B internal accounting
C business accounting
D financial accounting
Type of accounting which reports to external parties of organization is known as
A cost accounting
B decision accounting
C financial accounting
D management accounting
An information system that supplies information specifically to aid managers with decision-making responsibilities is called a
A DBMS
B MIS
C DSS
D DBA
E None of the above
Which of the following management accounting systems places a very strong emphasis on incorporating data relating to its competitors in the preparation of management reports?
A Activity based management
B Flexible budgeting
C Strategic management accounting
D Sales variance analysis
The Management Information System (MIS) provides timely and effective information to support decision making and other necessary management functions. Can you point out the sub-system which does not being to the MIS?
A Operational Tectical System
B Decision Support System (DSS)
C Data Communication System
D Automated Office System
E None of the above
A _____ is a formalized computer information system that can integrate data from various sources to provide the information necessary for management decision making.
A prompt
B passwords
C MIS
D Tactical
E None of the above
What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
A Balanced scorecard
B Benchmarking
C Performance measurement
D Target setting
A decision support system, which provides support for decision making by a group of persons is __________.
A DSSB
B The firm's existing MIS
C GDSS
D Hardware components
In the Financial Decision-Making System which of the following is not a transaction processing system input:
A cash receipts
B cash returns
C cash issues
D warehouse requisition slip
E None of the above

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