Quiz+1+topics

Quiz+1+topics - Quiz 1 will be given in your discussion...

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Quiz 1 will be given in your discussion section on January 28/29. The quiz includes true/false and short- answer questions, and numerical problems. The quiz is based on material from lecture, discussion, and the textbook – anything you’ve learned since the beginning of the semester is fair game, although the topics below are the focus of the quiz. The end-of-chapter material in the textbook is an excellent study resource. Don’t forget to bring the four-function calculator that was included with your course packet! Quiz 1 topics Chapter 1: Accounting: Information for Decision Making Describe the four-step framework for decision making Compare individual and organizational decision making Relate planning and control decisions to the four stages of the PIER cycle Differentiate between managerial accounting and financial accounting Explain how firms can encourage the alignment of individual and organizational goals Discuss how ethics relates to the decision framework
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