ACC406 (Section 011 on Friday)
TEST 1 Solutions (Winter 2015)
February 27, 2015 (2:10 4:10 p.m.)
in Room TRS 1-147
INSTRUCTIONS TO STUDENTS:
1. This 2-hour test consists of 5 questions (9 pages).
2. Marks total 44.
3. All questions must be answered on thi
Meaning of managerial accounting
Managerial accounting: the provision of accounting
information for a companys in ternal users. Not bound by
any formal criteria such as the GAAP
Three broad objectives:
To provide information for planning the