Exam 1: Introduction to Managerial Accounting

Communicating information fairly and objectively is an example of which ethical standard?

The person who is directly responsible for all financial functions is the

Increased competition with foreign companies and the rise of the global marketplace is mainly due to which of the following?

Which of the following groups are external users of financial information?

Which statement is true?

According to SOX, a company's financial statements must be certified by the company's

The standards in the IMA Statement of Ethical Professional Practice include

Controlling means overseeing the company's day-to-day operations.

The Sarbanes-Oxley Act allows for a maximum of ________ years of imprisonment for knowingly destroying or creating documents to obstruct any federal investigation.

In what year will XBRL be required for all publicly traded companies?

How often should managerial accounting reports be prepared?

ISO 9001:2008 is a certification program for companies that adhere to an international set of quality management standards and guidelines.

The SEC requires that reports generated by the managerial accounting system must be audited by an independent certified public accountant (CPA).

Using product cost information to determine sales prices is an example of

Accepting a job that you know can be better performed by someone else with the required skills would violate the ethical conduct standard of

The standards of the IMA Statement of Ethical Professional Practice include which of the following?

The Sarbanes-Oxley Act requires the CPA firm to rotate the audit partner off of the audit engagement every ________ year(s).

Which of the following statements is true regarding managerial accounting information?

Implementing a program to bill customers electronically, therefore saving paper, is a green initiative that would reduce not only waste, but also company costs.

To whom would the vice-president of operations typically directly report?