Tag Archives: intercompany

Reconciling Intercompany Accounts

Which of the following is an example of a decision relating to formulating Animus Ltd’s corporate strategy? Which of the following is an example of ‘planning’? Which of following is most likely to be Eddy’s responsibility? Which of the following statement/s about management accounting is/are true? Which of the following statement/s is/are false? Which of the following is not an objective of management accounting? D. Management accounting in today’s environment is the same as it was many years ago. The same laws of intercompany reconciliation still hold true. The service chosen is offered by professionals in the market who have complete knowledge of accounts and understands how important it is to present a true and fair view of financials of a company. It is only after the good ethical behavior is established that the data presented in the financial statements can be deemed to reflect the true and fair picture of the business.

Well to know the answers to all these questions and more, you need small business CRM software for your startup to uncover such details. Adding user is not a big deal – just ask them to install the QB software on their PC, and connect them with your QuickBooks company file. Information technology that links the various processes of the company into a single comprehensive information system is called A. customer relationship management. Then they monitor the system to make sure it is performing as designed, making any adjustments as needed according to the business needs. It is relied on by external users to make investment decisions. It is relied on by managers to plan and control an organisation’s operations; iii. It is a part of an organisation’s management information system; ii. What type of accounting system is part of an organisation’s management information system for internal use only? The system that allows firms to target profitable customers by assessing customer revenue and costs is called A. customer relationship management.

With free online questions and concise answers in our free exact and informative taxation accounting test banks, they will help students reach their target of this study. With the purpose of assisting performance management, free test bank for Management Accounting Information for Creating and Managing Value 6th Edition by Langfield Smith provide all concise questions with full response applying accounting concepts into real business situations. Which of the following are management accounting responses to the changing business environment? Which of the following activities would not be considered a value-added activity? Which of the following is a nonvalue-added activity? Its basis is the reporting of costs against tasks in the project WBS, each of which is represented by a unique code, composed of an activity code paired with a cost code. C. Supplier cost analysis. An intelligent selection of unit cost is required to obtain a meaningful cost comparison. Investment centre is a sort of autonomous unit and is appraised on the basis of ROI. In this type of inventory costing method, the valuation of the ending inventory is based on the prices per unit of the most recent purchases up to the quantity that each price represents in the purchases account.

B. Should Animus Ltd compete based on price or product differentiation? C. Should Animus Ltd hire a new financial controller? A.Should Animus Ltd operate in the mining industry only, or to expand to heavy machinery manufacturing and distribution? D. Should Animus Ltd develop a new management accounting system? An accounting system that collects financial and operating data on the basis of the underlying nature and extent of cost drivers is A. full-absorption costing. Needless to say, the system was overly complex for the little, if any, improvements in ledger integrity the system offered. D. Eliminating nonvalue-added activities always reduces costs without affecting the value of the product to customers. C. The supply or distribution chain is a linked set of organizations that exchange goods and services in combination to provide a final product or service to the customer. C. greater customer satisfaction. This statement in comparison to the income statement is invaluable to an investor when determining the profitability of a company. The statement of cash flows considers the inputs and outputs in concrete cash within a stated period. For business purposes, it is customary to arrange this information in the format of four different financial statements; balance sheet, income statement, retained earnings statement, and statement of cash flows.

Mistakes can deteriorate your business and your brand. 42 mutiple choice questions below that you can practice now to be checked in test bank. Through the services rendered by these professionals, you will see that such can be handled. Seeking professional accounting services will alleviate the headache of keeping records the appropriate way. Drake Accounting is a ground-up rebuild of Drake Software’s accounting/payroll application, using the latest in computer technology. D. a mechanical basis, such as machine hours, computer time, or factory square footage, used to assign costs to activities. The Hidden Costs of Nuclear Energy is one of the lesser known aspects of nuclear energy that skews the debate in favor of nuclear energy, while ignoring the reality of how heavily nuclear energy is subsidized. The costing method that first assigns costs to activities and then assigns them to products based on the products’ consumption of activities is called A. lean accounting. Having one or more of the firms’ activities performed by another firm or individual in the supply or distribution chain is called A. lean accounting.