Cost Management Measuring, Monitoring, and Motivating Performance,
Cost Management Measuring
( Solution manual)
Cost Management Measuring, Monitoring, and Motivating Performance, Binder Ready Version, 3rd Canadian Edition Eldenburg, Wolcott, Chen, Cook Solution manual
Edition: 3rd Canadian Edition
Author Name: Eldenburg, Wolcott, Chen, Cook
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Chapter 1
The Role of Accounting Information
in Ethical Management Decision Making
SOLUTIONS
LEARNING OBJECTIVES
Chapter 1 addresses the following learning objectives:
LO1 Describe the process of strategic management and decision making
LO2 Identify the types of control systems that managers use
LO3 Explain the role of accounting information in strategic management
LO4 Explain the information systems and information that is relevant for decision making
LO5 Describe how business risk affects management decision making
LO6 Appreciate how biases affect management decision making
LO7 Determine how managers make higher quality decisions
LO8 Explain the importance of ethical decision making
These learning objectives (LO1 through LO8) are cross-referenced in the textbook to individual exercises and problems.
Summary of Questions by Learning Objective, Level of Difficulty and CPA Canada Competency
Item | LO | LOD | CPA | Item | LO | LOD | CPA | Item | LO | LOD | CPA |
Questions | |||||||||||
1. | 1 | E | cpa-e001 | 6. | 5 | E | cpa-e001 | 11. | 6, 7 | M | cpa-e001 |
2. | 1, 2 | E | cpa-e001 | 7. | 6 | E | cpa-e001 | 12. | 2, 6, 8 | M | cpa-e001 |
3. | 3 | M | cpa-e001 | 8. | 7 | M | cpa-e001 | 13. | 2 | M | cpa-e001 |
4. | 3, 4 | E | cpa-e001 | 9. | 8 | E | cpa-e001 | 14. | 2 | M | cpa-e001 |
5. | 3 | M | cpa-e001 | 10. | 8 | E | cpa-e001 | 15. | 2 | E | cpa-e001 |
Multiple-Choice | |||||||||||
16. | 3 | E | cpa-t003 | 18. | 8 | E | cpa-t002 | 20. | 7 | E | cpa-t003 |
17. | 3, 4 | E | cpa-t003 | 19. | 2 | E | cpa-t002 | ||||
Exercises | |||||||||||
21. | 1 | M | cpa-t003 | 25. | 4 | M | cpa-e002 | 29. | 2, 8 | M | cpa-e001 |
22. | 1 | E | cpa-e004 | 26. | 2, 8 | E | cpa-e001 | 30. | 1, 2, 3, 4, 5 | M | cpa-t003 |
23. | 4 | M | cpa-e002 | 27. | 6 | E | cpa-t002 | 31. | 4, 5 | E | cpa-e002 |
24. | 4 | M | cpa-e002 | 28. | 2, 3, 7 | E | cpa-t003 | 32. | 4, 5, 6, 7 | M | cpa-e002 |
Problems | |||||||||||
33. | 6 | M | cpa-t003 | 38. | 4, 5, 6 | H | cpa-e002,
cpa-e004 |
43. | 4, 5, 6 | H | cpa-e001 |
34. | 4, 6, 7 | M | cpa-t003 | 39. | 3, 4, 7 | H | cpa-e002,
cpa-t003 |
44. | 4, 6, 7 | H | cpa-e002 |
35. | 5 | M | cpa-e002,
cpa-e004 |
40. | 1, 2, 3 | M | cpa-e003,
cpa-t002 |
45. | 4, 7, 8 | H | cpa-e002 |
36. | 6, 7 | M | cpa-e002 | 41. | 1, 6, 7 | E | cpa-e002,
cpa-t002 |
||||
37. | 5 | M | cpa-e002 | 42. | 7 | M | cpa-e002,
cpa-t002 |
||||
Mini-Cases | |||||||||||
46. | 4, 5, 6, 7 | H | cpa-e002,
cpa-e003, cpa-t003 |
48. | 4, 5, 6, 7 | E | cpa-t003 | 50. | 3, 6, 8 | E | cpa-t004 |
47. | 4, 5, 6 | E | cpa-e001 | 49. | 1, 2, 7 | E | cpa-t004 |
CPA Codes
ID | Competency |
cpa-e001 | Professional and Ethical Behaviour |
cpa-e002 | Problem-Solving and Decision-Making |
cpa-e003 | Communication (both written and oral) |
cpa-e004 | Self-Management |
cpa-e005 | Teamwork and Leadership |
cpa-t001 | Financial Reporting |
cpa-t002 | Strategy and Governance |
cpa-t003 | Management Accounting |
cpa-t004 | Audit and Assurance |
cpa-t005 | Finance |
cpa-t006 | Taxation |
Note: E = Easy M = Medium H = Hard
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