Question 1

Describe the connection between planning, controlling, and feedback.

Accepted Answer

Planning establishes performan

Question 2

Which of the following is NOT provided by cost accountants?

Accepted Answer

A)  cost information in accordance with GAAP 
B)  cost information about processes and activities 
C)  financial information for external users 
D)  cost information about products, customers, and services 
A)  cost information in accordance with GAAP 
B)  cost information about processes and activities 
C)  financial information for external users 
D)  cost information about products, customers, and services

Question 3

Discuss how the goal of profit maximization is affected by ethical considerations. What incentives are there for managers to manipulate accounting data in unethical ways in order to increase profits?

Accepted Answer

The objective of profit maximization sho

Question 4

The __________ information system is primarily concerned with producing outputs for internal users using inputs and processes needed to satisfy management objectives.

Accepted Answer

The answer of The __________ information system is primarily concerned...

Question 5

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a __________ Accountant.

Accepted Answer

Certified

Question 6

A critical measure of efficiency is

Accepted Answer

A)  the cost of activity. 
B)  a T-test. 
C)  customer satisfaction. 
D)  employee job satisfaction. 
A)  the cost of activity. 
B)  a T-test. 
C)  customer satisfaction. 
D)  employee job satisfaction.

Question 7

Three of the major certifications available to management accountants are Certificates in Management Accounting, Public Accounting, and Internal Auditing.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following approaches have led to advancements in the manufacturing environment?

Accepted Answer

A)  theory of constraints 
B)  computer-integrated manufacturing 
C)  JIT manufacturing 
D)  all of these 
A)  theory of constraints 
B)  computer-integrated manufacturing 
C)  JIT manufacturing 
D)  all of these

Question 9

In a performance report, the

Accepted Answer

A)  differences between actual costs and allowed costs are always undesirable. 
B)  expenditures of less than allowed amounts are undesirable. 
C)  expenditures of more than allowed amounts are not permitted to occur. 
D)  expenditures of less than allowed amounts are desirable. 
A)  differences between actual costs and allowed costs are always undesirable. 
B)  expenditures of less than allowed amounts are undesirable. 
C)  expenditures of more than allowed amounts are not permitted to occur. 
D)  expenditures of less than allowed amounts are desirable.

Question 10

The internal auditor performs a

Accepted Answer

A)  line function. 
B)  staff function. 
C)  production function. 
D)  marketing function. 
A)  line function. 
B)  staff function. 
C)  production function. 
D)  marketing function.

Question 11

Which of the following is NOT a process associated with an accounting information system?

Accepted Answer

A)  auditing existing data 
B)  collecting and recording data 
C)  providing information to users 
D)  analyzing and managing data 
A)  auditing existing data 
B)  collecting and recording data 
C)  providing information to users 
D)  analyzing and managing data

Question 12

In resolving an ethical conflict, it would be appropriate to take the matter to the press where there's no legal requirement.

Accepted Answer

A) True 
 B)False

Question 13

When a management accountant ignores data in favor of unsupported opinion, this action would speak most directly to which part of the IMA Code of Conduct?

Accepted Answer

A)  competence 
B)  confidentiality 
C)  independence 
D)  credibility 
A)  competence 
B)  confidentiality 
C)  independence 
D)  credibility

Question 14

Inspecting units produced to determine if they meet specifications is an example of

Accepted Answer

A)  planning. 
B)  control. 
C)  decision making. 
D)  both a and c. 
A)  planning. 
B)  control. 
C)  decision making. 
D)  both a and c.

Question 15

Which of the following duties is usually assigned to the controller?

Accepted Answer

A)  receiving, maintaining custody of, and disbursing monies and securities 
B)  directing the granting of credit to clients 
C)  investing the organization's funds 
D)  tax planning 
A)  receiving, maintaining custody of, and disbursing monies and securities 
B)  directing the granting of credit to clients 
C)  investing the organization's funds 
D)  tax planning

Question 16

Employee and customer loyalty are NOT a result of strong codes of ethics.

Accepted Answer

A) True 
 B)False

Question 17

One of the major advances in information technology that affects firms is the emergence of electronic commerce.

Accepted Answer

A) True 
 B)False

Question 18

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

Accepted Answer

A) True 
 B)False

Question 19

Cost management reports are prepared

Accepted Answer

A)  to meet the needs of decision makers within the firm. 
B)  whenever stockholders request them. 
C)  according to guidelines prepared by the Securities and Exchange Commission. 
D)  according to financial accounting standards. 
A)  to meet the needs of decision makers within the firm. 
B)  whenever stockholders request them. 
C)  according to guidelines prepared by the Securities and Exchange Commission. 
D)  according to financial accounting standards.

Question 20

Software that has integrated system capability using real time data is

Accepted Answer

A)  enterprise resource planning software. 
B)  on-line analytic programs. 
C)  computer-assisted engineering software. 
D)  none of these. 
A)  enterprise resource planning software. 
B)  on-line analytic programs. 
C)  computer-assisted engineering software. 
D)  none of these.

Describe the connection between planning, controlling, and feedback.

Which of the following is NOT provided by cost accountants?

Discuss how the goal of profit maximization is affected by ethical considerations. What incentives are there for managers to manipulate accounting data in unethical ways in order to increase profits?

The __________ information system is primarily concerned with producing outputs for internal users using inputs and processes needed to satisfy management objectives.

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a __________ Accountant.

A critical measure of efficiency is

Three of the major certifications available to management accountants are Certificates in Management Accounting, Public Accounting, and Internal Auditing.

Which of the following approaches have led to advancements in the manufacturing environment?

In a performance report, the

The internal auditor performs a

Which of the following is NOT a process associated with an accounting information system?

In resolving an ethical conflict, it would be appropriate to take the matter to the press where there's no legal requirement.

When a management accountant ignores data in favor of unsupported opinion, this action would speak most directly to which part of the IMA Code of Conduct?

Inspecting units produced to determine if they meet specifications is an example of

Which of the following duties is usually assigned to the controller?

Employee and customer loyalty are NOT a result of strong codes of ethics.

One of the major advances in information technology that affects firms is the emergence of electronic commerce.

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

Cost management reports are prepared

Software that has integrated system capability using real time data is

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 Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

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

Filters

Exam 1: Introduction to Cost Management

Describe the connection between planning, controlling, and feedback.

Which of the following is NOT provided by cost accountants?

Discuss how the goal of profit maximization is affected by ethical considerations. What incentives are there for managers to manipulate accounting data in unethical ways in order to increase profits?

The __________ information system is primarily concerned with producing outputs for internal users using inputs and processes needed to satisfy management objectives.

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a __________ Accountant.

A critical measure of efficiency is

Three of the major certifications available to management accountants are Certificates in Management Accounting, Public Accounting, and Internal Auditing.

Which of the following approaches have led to advancements in the manufacturing environment?

In a performance report, the

The internal auditor performs a

Which of the following is NOT a process associated with an accounting information system?

In resolving an ethical conflict, it would be appropriate to take the matter to the press where there's no legal requirement.

When a management accountant ignores data in favor of unsupported opinion, this action would speak most directly to which part of the IMA Code of Conduct?

Inspecting units produced to determine if they meet specifications is an example of

Which of the following duties is usually assigned to the controller?

Employee and customer loyalty are NOT a result of strong codes of ethics.

One of the major advances in information technology that affects firms is the emergence of electronic commerce.

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

Cost management reports are prepared

Software that has integrated system capability using real time data is

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 Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

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

Filters