Managerial Accounting Exam 1 FSU |
Questions with Accurate Answers
Which of the following management responsibilities often involves evaluating
the results of operations against the budget? - -controlling
- Managerial accounting differs from financial accounting in that managerial
accounting... - -emphasizes data relevance over data objectivity
- Which of the following corporate positions is responsible for general
financial accounting, managerial accounting, and tax reporting? - -controller
- Of the following skills, which are needed by today's management
accountants? - -strategic thinking, cost management, decision analysis
- Which of the following organizations is the professional association
specifically for management accountants? - -IMA
- Which of the following professional standards requires management
accountants to continually develop their knowledge and skills? - -
competence
- Which of the following professional standards requires management
accountants to not disclose private information about their organizations? - -
confidentiality
- Which of the following requires the company's CEO and CFO to assume
responsibility for the company's financial statements and disclosures? - -
Sarbanes-Oxley Act of 2002 (SOX)
- Which of the following is false? - -The triple bottom line focuses on three
items: net income, net assets, and return on investment.
it focuses on profits (economic), people (social), and planet (environmental)
- All of the following are business trends affecting management accounting
except: - -shifting economy, sustainability, and big data
- Which of the following types of companies would have work in process
inventory? - -Manufacturing
- Which of the following is not an activity in the value chain? - -
Administration
Questions with Accurate Answers
Which of the following management responsibilities often involves evaluating
the results of operations against the budget? - -controlling
- Managerial accounting differs from financial accounting in that managerial
accounting... - -emphasizes data relevance over data objectivity
- Which of the following corporate positions is responsible for general
financial accounting, managerial accounting, and tax reporting? - -controller
- Of the following skills, which are needed by today's management
accountants? - -strategic thinking, cost management, decision analysis
- Which of the following organizations is the professional association
specifically for management accountants? - -IMA
- Which of the following professional standards requires management
accountants to continually develop their knowledge and skills? - -
competence
- Which of the following professional standards requires management
accountants to not disclose private information about their organizations? - -
confidentiality
- Which of the following requires the company's CEO and CFO to assume
responsibility for the company's financial statements and disclosures? - -
Sarbanes-Oxley Act of 2002 (SOX)
- Which of the following is false? - -The triple bottom line focuses on three
items: net income, net assets, and return on investment.
it focuses on profits (economic), people (social), and planet (environmental)
- All of the following are business trends affecting management accounting
except: - -shifting economy, sustainability, and big data
- Which of the following types of companies would have work in process
inventory? - -Manufacturing
- Which of the following is not an activity in the value chain? - -
Administration
