ACG 3401 - Ch. 2 Smart book Actual Exam || Most
Recent Exam 2026|2027 Actual Complete Real
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Accountants have four roles with respect to technology: users,
managers, [blank], and evaluators.
designers
True or false: Rapid changes in the global marketplace that affect
the accounting profession have resulted in a focus on accountings'
stewardship and reporting functions.
False
Reason:
The changes primarily affect the business management support
role.
True or false: Although rapid changes in technology increase the
amount of information available, the information must support the
information requirements of the business decision makers to be fully
effective.
True
,Which of the following is a stewardship and reporting role for the
accounting/finance function?
Regulatory compliance
The accounting/finance operations role includes financial close -
completing period-end [blank].
accounts
Which of the following is NOT a role of accountants with respect to
technology?
programmers
Performance [blank] is an accounting function in the Business
Management Support role.
management or measurement
Which of the following is a business management support of the
accounting/finance function?
Performance measurement, reporting and analysis
,The roles of the accounting/finance function include stewardship
and reporting, accounting operation, and [blank] management
support.
business
Technology does not necessarily result in better decisions, because
the information produced may not support the information
requirements of the business's [blank] makers.
decision
The Institute of Management Accounting Competency Framework
defines how many areas of skills that accounting professionals need
to remain relevant in a digital age?
6
Which of the following is included in Accountants' Stewardship and
Reporting role?
Statutory Reporting
Investor Relations
True or false: Raising capital is an activity in the Accounting/Finance
Operations role of accountants.
False
Reason:
It is a function in the Stewardship and Reporting role not the
Accounting/Finance operations role.
, Which of the following is NOT a characteristic of a good BPMN
model?
Uses professional modeling software
Reason:
Although this can make your models look fancy, it does not mean
that you have a good model.
Regardless of notation, workflow or activity models need to be able
to describe:
the organizational role/function responsible for specific activities.
the event(s) that start the process.
the sequence of flow.
True or false: In BPMN, there are three types of events: start,
intermittent, and end events.
False
Reason:
intermediate not intermittent
Recent Exam 2026|2027 Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed
Success!! Newest Version 2026 Edition
Accountants have four roles with respect to technology: users,
managers, [blank], and evaluators.
designers
True or false: Rapid changes in the global marketplace that affect
the accounting profession have resulted in a focus on accountings'
stewardship and reporting functions.
False
Reason:
The changes primarily affect the business management support
role.
True or false: Although rapid changes in technology increase the
amount of information available, the information must support the
information requirements of the business decision makers to be fully
effective.
True
,Which of the following is a stewardship and reporting role for the
accounting/finance function?
Regulatory compliance
The accounting/finance operations role includes financial close -
completing period-end [blank].
accounts
Which of the following is NOT a role of accountants with respect to
technology?
programmers
Performance [blank] is an accounting function in the Business
Management Support role.
management or measurement
Which of the following is a business management support of the
accounting/finance function?
Performance measurement, reporting and analysis
,The roles of the accounting/finance function include stewardship
and reporting, accounting operation, and [blank] management
support.
business
Technology does not necessarily result in better decisions, because
the information produced may not support the information
requirements of the business's [blank] makers.
decision
The Institute of Management Accounting Competency Framework
defines how many areas of skills that accounting professionals need
to remain relevant in a digital age?
6
Which of the following is included in Accountants' Stewardship and
Reporting role?
Statutory Reporting
Investor Relations
True or false: Raising capital is an activity in the Accounting/Finance
Operations role of accountants.
False
Reason:
It is a function in the Stewardship and Reporting role not the
Accounting/Finance operations role.
, Which of the following is NOT a characteristic of a good BPMN
model?
Uses professional modeling software
Reason:
Although this can make your models look fancy, it does not mean
that you have a good model.
Regardless of notation, workflow or activity models need to be able
to describe:
the organizational role/function responsible for specific activities.
the event(s) that start the process.
the sequence of flow.
True or false: In BPMN, there are three types of events: start,
intermittent, and end events.
False
Reason:
intermediate not intermittent
