Questions from Managerial Accounting


Q: Describe at least four needs for cash within a business.

Describe at least four needs for cash within a business.

See Answer

Q: When preparing a statement of cash flows using the indirect method,

When preparing a statement of cash flows using the indirect method, what information is needed? What documents or statements would be used?

See Answer

Q: Think of a company with which you are familiar. Describe an

Think of a company with which you are familiar. Describe an investing activity related to a company’s sustainability efforts that would be classified as a use of cash on a company’s statement of cash...

See Answer

Q: Define an “operating activity.” List two examples of an operating

Define an “operating activity.” List two examples of an operating activity on the statement of cash flows that would increase cash. List two examples of an operating activity that would decrease cash....

See Answer

Q: Define an “investing activity.” List two examples of an investing

Define an “investing activity.” List two examples of an investing activity on the statement of cash flows that would increase cash. List two examples of an investing activity that would decrease cash....

See Answer

Q: What is the Sarbanes-Oxley Act of 2002 (SOX)?

What is the Sarbanes-Oxley Act of 2002 (SOX)? How does SOX affect financial accounting? How does SOX impact managerial accounting? Is there any overlap between financial and managerial accounting in...

See Answer

Q: What is the value chain? What are the six types of

What is the value chain? What are the six types of business activities found in the value chain? Which type(s) of business activities in the value chain generate costs that go directly to the income s...

See Answer

Q: Locate the company’s annual report as outlined previously. Find the company’s

Locate the company’s annual report as outlined previously. Find the company’s segment information; it should be in the “Notes to Consolidated Financial Statements” or another, similarly named section....

See Answer

Q: Define a “financing activity.” List two examples of a financing

Define a “financing activity.” List two examples of a financing activity on the statement of cash flows that would increase cash. List two examples of a financing activity that would decrease cash.

See Answer

Q: Define a “noncash investing or financing” activity. Describe an

Define a “noncash investing or financing” activity. Describe an activity that would need to be disclosed as a noncash investing or financing activity.

See Answer