Budgeting and Financial Management

PUAD 633: Practice Quiz - Chapter 1 & 2 Budgeting and Financial Management

1. Firms subject to the Sarbanes-Oxley Act of 2002 do not have to disclose whether they have
a code of ethics for senior financial officers, nor why
a. True
b. False

2. The Institute of Management accountants has established ethical standards for
management accountants
a. True
b. False

3. In resolving an ethical conflict, it would be appropriate to take the matter to the press where
there's no legal requirement.
a. True
b. False

4. Divulging company information when not legally obligated to do so violates the
confidentiality part of the IMA Code of Conduct.
a. True
b. False

5. Three of the major certifications available to management accountants are Certificates in
Management Accounting, Public Accounting, and Internal Auditing.
a. True
b. False

6. For each certification, all an applicant has to dois meet specific educational and experience
requirements
a. True
b. False

7. The examination for obtaining the Certificate in Management Accounting consists of two
parts: (1) Financial Planning, Performance and Control, and (2) Financial Decision Making.
a. True
b. False

8. The Certificate of Public Accounting does not include the right to serve as external auditors.
a. True
b. False

9. The Certified Internal Auditor must pass a comprehensive examination designed to ensure
technical competence and have two years! work experience
a. True
b. False