Chap2QuizBUS4113

Chap2QuizBUS4113 - Amberton University BUS 4113 Accounting...

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Amberton University BUS 4113 – Accounting and Finance for Managers Chapter 2 Quiz Professor: Dr. Jonathan D. Schultz Name: Date: 6/19/2010 Instructions: Please write a short answer for each of the following questions. (10 points each) 1. Accounting information systems generate both monetary and non-monetary accounting information. List two examples of each type of accounting information. On one hand, monetary accounting information (financial information) generated by accounting information system include net income and sales. Monetary accounting information is expressed in monetary unit. On the other, Non-monetary accounting information generated by accounting information system include the number of budgeted labor hours used to produce a product or the number of units of materials. 2. Identify one internal user of accounting information and one external user of accounting information. Provide a specific example of how accounting information might be used by each. Internal users of accounting information include all individual employees as well as teams, departments, regions, and top management of an organization. An example of an internal user could simply a marketing manager. The manager could use the accounting information to establish a reasonable selling price for an item. External users of
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This note was uploaded on 02/03/2011 for the course BUS 3101 taught by Professor Loyd during the Spring '09 term at Dallas.

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Chap2QuizBUS4113 - Amberton University BUS 4113 Accounting...

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