Raw Material Events Can Be Found in Which Two Processes

question 37

Multiple Choice

Raw material events can be found in which two processes?

• A)Revenue and return processes, systems & controls and 2) expenditures and return processes, systems & controls.
• B)Expenditures and return processes, systems & controls and 2) conversion processes, systems & controls.
• C)Conversion processes, systems & controls and 2) Administrative processes, systems & controls.
• D)Administrative processes, systems & controls and 2) Revenue and return processes, systems & controls.

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Definitions:

Managerial Accounting

Refers to the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals.

Objective

A specific, measurable, achievable, relevant, and time-bound goal that drives strategic and operational planning.

Internal Users

Internal users are individuals within an organization, such as management and employees, who use financial information to make decisions about the operations and future direction of the company.

External Users

Individuals or organizations outside of a company who have an interest in the company's financial information, such as investors, creditors, and regulatory bodies.