Managerial Accounting Exam 1 Study

Guide

Ch. 1

(T/F):

1. Managers' 3 primary responsibilities are planning, directing, controlling

2. Management accounting is geared toward external stakeholders, such as investors

and creditors

3. Management accountants often work in cross-functional teams throughout the

organization

4. The internal audit function reports to the audit committee of the board of directors

5. Management accountants are now more often looked upon as internal business

a...