Exam 1: Introduction to Cost Management

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Disclosing all information, unfavorable as well as favorable, that could influence an intended user's understanding of reports, would relate to what section of the IMA Code of Conduct?

(Multiple Choice)

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Question 21

Which of the following activities is NOT associated with new product development?

(Multiple Choice)

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Question 22

Continuous improvement is

(Multiple Choice)

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Question 23

The acceptance of a savings bond from a supplier would be a violation of which standard of ethical conduct for management accountants?

(Multiple Choice)

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Question 24

Explain the relationship between the Cost Management System and the Financial Accounting System.

(Essay)

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Question 25

Currently, the activity found LEAST often within the controller's department is

(Multiple Choice)

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Question 26

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

(True/False)

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Question 27

The internal auditor performs a

(Multiple Choice)

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Question 28

JIT is a critical part of a more comprehensive approach referred to as Lean Manufacturing.

(True/False)

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Question 29

What is the role of the controller in an organization? Describe some of the activities over which he or she has control.

(Essay)

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Question 30

Which of the following statements is TRUE?

(Multiple Choice)

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Question 31

In resolving an ethical conflict, which of the following would NEVER be appropriate?

(Multiple Choice)

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Question 32

The monitoring of a plan's implementation is called

(Multiple Choice)

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Question 33

Altering dates of shipping documents of next January's sales to record them as sales in the current year would be a violation of which standard of ethical conduct for management accountants?

(Multiple Choice)

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Question 34

The formulation of a program for the accomplishment of a specific purpose is referred to as

(Multiple Choice)

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Question 35

An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into information that is provided to users.

(True/False)

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Question 36

Which of the following information systems provides information that helps managers engage in a program of continuous improvement of all aspects of their businesses?

(Multiple Choice)

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Question 37

Discuss four factors that are changing the way we manufacture.

(Essay)

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Question 38

Explain what is meant by confidentiality and why it is important.

(Essay)

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Question 39

The _____ information system is concerned with producing outputs for external users.

(Multiple Choice)

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Question 40

Showing 21 - 40 of 154

Disclosing all information, unfavorable as well as favorable, that could influence an intended user's understanding of reports, would relate to what section of the IMA Code of Conduct?

Which of the following activities is NOT associated with new product development?

Continuous improvement is

The acceptance of a savings bond from a supplier would be a violation of which standard of ethical conduct for management accountants?

Explain the relationship between the Cost Management System and the Financial Accounting System.

Currently, the activity found LEAST often within the controller's department is

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

The internal auditor performs a

JIT is a critical part of a more comprehensive approach referred to as Lean Manufacturing.

What is the role of the controller in an organization? Describe some of the activities over which he or she has control.

Which of the following statements is TRUE?

In resolving an ethical conflict, which of the following would NEVER be appropriate?

The monitoring of a plan's implementation is called

Altering dates of shipping documents of next January's sales to record them as sales in the current year would be a violation of which standard of ethical conduct for management accountants?

The formulation of a program for the accomplishment of a specific purpose is referred to as

An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into information that is provided to users.

Which of the following information systems provides information that helps managers engage in a program of continuous improvement of all aspects of their businesses?

Discuss four factors that are changing the way we manufacture.

Explain what is meant by confidentiality and why it is important.

The _____ information system is concerned with producing outputs for external users.

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

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