ACG 2071 FSU Final Exam Questions With Answers Graded
A+ 2025/2026
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? - SOX
Which of the following is false? - The triple bottom line focuses on three items: net
income, net assets, and return on investment.
All of the following are business trends affecting management accounting except: -
shifting economy.
sustainability.
big data.
all of the above.
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
A cost that can be traced to a cost object is known as a - direct cost
Period costs are often referred to as - operating expenses
Conversion costs consist of - direct labor and manufacturing overhead.
Which of the following is not part of manufacturing overhead? - Period costs, such as
depreciation on office computers
A+ 2025/2026
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? - SOX
Which of the following is false? - The triple bottom line focuses on three items: net
income, net assets, and return on investment.
All of the following are business trends affecting management accounting except: -
shifting economy.
sustainability.
big data.
all of the above.
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
A cost that can be traced to a cost object is known as a - direct cost
Period costs are often referred to as - operating expenses
Conversion costs consist of - direct labor and manufacturing overhead.
Which of the following is not part of manufacturing overhead? - Period costs, such as
depreciation on office computers
