Question 1

Which of the following areas is not emphasized on the CMA examination?

Accepted Answer

A)  external auditing and business law 
B)  economics, finance, and management 
C)  decision analysis and information systems 
D)  financial accounting and reporting 
A)  external auditing and business law 
B)  economics, finance, and management 
C)  decision analysis and information systems 
D)  financial accounting and reporting

Question 2

To promote ethical behavior by managers and employees, organizations commonly establish a__________________________.

Accepted Answer

The answer of To promote ethical behavior by managers and...

Question 3

Persons in the United States who provide assurance service are designated as

Accepted Answer

A)  Certified Public Accountants. 
B)  Certified Financial Accountants. 
C)  Chartered Accountants. 
D)  Certified Management Accountants. 
A)  Certified Public Accountants. 
B)  Certified Financial Accountants. 
C)  Chartered Accountants. 
D)  Certified Management Accountants.

Question 4

In June 2002, Congress passed the____________________________________ in response to financial scandals such as Enron.

Accepted Answer

Sarbanes-O

Question 5

Managerial accounting has its emphasis on the future.

Accepted Answer

A) True 
 B)False

Question 6

Financial accounting

Accepted Answer

A)  is concerned with the information about the firm as a whole. 
B)  has to adhere to GAAP policies. 
C)  focuses on external users. 
D)  all of these are correct 
A)  is concerned with the information about the firm as a whole. 
B)  has to adhere to GAAP policies. 
C)  focuses on external users. 
D)  all of these are correct

Question 7

Time is not a crucial element in all phases of the value chain.

Accepted Answer

A) True 
 B)False

Question 8

The process of choosing among competing alternatives is called ________________________.

Accepted Answer

The answer of The process of choosing among competing alternatives...

Question 9

Managerial accounting

Accepted Answer

A)  is primarily for external users. 
B)  has no mandatory rules. 
C)  provides information based on historical information. 
D)  must adhere to GAAP. 
A)  is primarily for external users. 
B)  has no mandatory rules. 
C)  provides information based on historical information. 
D)  must adhere to GAAP.

Question 10

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Accepted Answer

Continuous

Question 11

Managerial accounting strongly emphasizes providing information about _________________.

Accepted Answer

The answer of Managerial accounting strongly emphasizes providing information about...

Question 12

Total quality management emphasizes

Accepted Answer

A)  zero defects. 
B)  continuous improvement. 
C)  elimination of waste. 
D)  all of these are correct. 
A)  zero defects. 
B)  continuous improvement. 
C)  elimination of waste. 
D)  all of these are correct.

Question 13

Managerial accounting information is not important for not-for-profit organizations.

Accepted Answer

A) True 
 B)False

Question 14

The________________supervises all accounting functions and reports directly to the general manager and chief operating officer (COO).

Accepted Answer

The answer of The________________supervises all accounting functions and reports directly...

Question 15

The primary objective of managerial accounting is

Accepted Answer

A)  to provide stockholders and potential investors with useful information for decision making. 
B)  to provide banks and other creditors with information useful in making credit decisions. 
C)  to provide management with information useful for planning and control of operations. 
D)  to provide the Internal Revenue Service with information about taxable income. 
A)  to provide stockholders and potential investors with useful information for decision making. 
B)  to provide banks and other creditors with information useful in making credit decisions. 
C)  to provide management with information useful for planning and control of operations. 
D)  to provide the Internal Revenue Service with information about taxable income.

Question 16

Financial accounting is governed by GAAP.

Accepted Answer

A) True 
 B)False

Question 17

A __________________________ has passed a comprehensive examination designed to ensure technical competence and has two years of experience.

Accepted Answer

Certified

Question 18

Management accounting information is only used by manufacturing organizations.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following would normally occupy a line position?

Accepted Answer

A)  staff accountant 
B)  accounting manager 
C)  vice-president of marketing 
D)  treasurer 
A)  staff accountant 
B)  accounting manager 
C)  vice-president of marketing 
D)  treasurer

Question 20

Which of the following would normally occupy a staff position?

Accepted Answer

A)  assembly worker 
B)  cost accounting manager 
C)  factory manager 
D)  all of these 
A)  assembly worker 
B)  cost accounting manager 
C)  factory manager 
D)  all of these

Which of the following areas is not emphasized on the CMA examination?

To promote ethical behavior by managers and employees, organizations commonly establish a__________________________.

Persons in the United States who provide assurance service are designated as

In June 2002, Congress passed the____________________________________ in response to financial scandals such as Enron.

Managerial accounting has its emphasis on the future.

Financial accounting

Time is not a crucial element in all phases of the value chain.

The process of choosing among competing alternatives is called ________________________.

Managerial accounting

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Managerial accounting strongly emphasizes providing information about _________________.

Total quality management emphasizes

Managerial accounting information is not important for not-for-profit organizations.

The________________supervises all accounting functions and reports directly to the general manager and chief operating officer (COO).

The primary objective of managerial accounting is

Financial accounting is governed by GAAP.

A __________________________ has passed a comprehensive examination designed to ensure technical competence and has two years of experience.

Management accounting information is only used by manufacturing organizations.

Which of the following would normally occupy a line position?

Which of the following would normally occupy a staff position?

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters

Exam 1: Introduction to Managerial Accounting

Which of the following areas is not emphasized on the CMA examination?

To promote ethical behavior by managers and employees, organizations commonly establish a__________________________.

Persons in the United States who provide assurance service are designated as

In June 2002, Congress passed the____________________________________ in response to financial scandals such as Enron.

Managerial accounting has its emphasis on the future.

Financial accounting

Time is not a crucial element in all phases of the value chain.

The process of choosing among competing alternatives is called ________________________.

Managerial accounting

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Managerial accounting strongly emphasizes providing information about _________________.

Total quality management emphasizes

Managerial accounting information is not important for not-for-profit organizations.

The________________supervises all accounting functions and reports directly to the general manager and chief operating officer (COO).

The primary objective of managerial accounting is

Financial accounting is governed by GAAP.

A __________________________ has passed a comprehensive examination designed to ensure technical competence and has two years of experience.

Management accounting information is only used by manufacturing organizations.

Which of the following would normally occupy a line position?

Which of the following would normally occupy a staff position?

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters