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19 Cards in this Set
- Front
- Back
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All of the following were provisions of the Sarbanes Oxley Act of 2002 except? |
the requirement of boards of directors of publicly held companies to appoint an audit committee composed only of internal company directors. |
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unique difficulties of management accounting in service organizations do not include: |
diverse output |
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Sheena Bright writes the check for a business, and her brother does the accounting work and is in charge of ensuring that the accounting process is done correctly. What might be Sheena's official title? |
Treasurer |
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today's business environment is characterized by |
global competition, time based competition, and a shift towards a service company |
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which of the following is true about management accounting |
is not restricted by GAAP |
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effective restrictions on measurements that can be reported by a management accounting system do not include? |
GAAP |
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A certified accountant that works for a single company is a |
CMA |
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Which is true about integrated reporting? |
communicates about how an organization's strategy, governance, performance, and prospects lead to the creation of value over the short, medium, and long term. |
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What is the name of the entity created by the Sarbanes Oxley Act of 2002 |
PCAOB |
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Businessses use which of these systems to integrate all of the company's functions, departments, and data into a single system? |
Enterprise resource planning |
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Sheena writes the checks for a business and her brother does accounting work and ensures it is done correctly. What is his title? |
Controller. |
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Performance reports serve two functions |
Evaluation and feedback |
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The management controlling function inclues which of the following |
implementing plans, evaluating results, and providing feedback |
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What account does a manufacturing company have but not a service company |
Cost of Goods Sold |
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Budgets primarily serve |
Planning funcyion |
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Which of the followiing is true of managerial accounting |
it provides information on both internal and external transactions |
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what are four major ethical standards in the IMA statement of ethical profession practice |
competence, confidentiality, integrity, and credibility |
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Analyzing variances from the budget of the cost of materials used in making a particular product should be classified as |
attention directing |
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management accounting for an organization is aimed mainly at the decision needs of |
internal managers. |
