ACC350-1704A-01 Managerial Accounting Practices Professor Bih Horng Chiang October 4th, 2017 How do managerial accountants support strategic decisions? When looking at how managerial accountants support strategic decisions, we must first look at as to how the managerial accountants role plays into the day to day business decisions of the company. Managerial accountants offer essential data to the organization by way of providing near-term decision assessments, applying ideal product…
Question 1 a. Management Accountants have an obligation to follow the highest standards of ethical responsibility and maintain good professional image. They also should not condone the commission of unethical acts by others within their organizations. It is obvious that falsifying travelling reimbursement claim by Mustapha was unethical conduct and I, as a professional that have been entrusted by the company’s shareholders to safeguard the company’s interests and well-being, should therefore…
taxes withheld from his or her paycheck. Scaletta and his emplyees must file their clients tax return by April 15. If clients fail to submit the required paperwork by the deadline, it is their responsible to pay the fees and penalties. The CPA or accountant is not responsible for the problem. Scaletta and his team are the busiest during this time of the year, compared to the other…
The American Institute of Certified Public Accountants (AICPA) is the world’s largest representation of certified public accountants (CPAs). Established in 1887, the AIPCA serves as an advocate for CPAs, CGMAs, and has a mission of powering the success of global business, CPAs, and CGMAs through the use of education, resources, and advocacy (AICPA, 2016). The AICPA supports FASB by providing technical support, standard setting, and guidelines to CPAs nationwide. Because accounting is complex in…
Investigation Frisbey (2015) indicated that forensic accountants should be able to effectively communicate with the management and involved personnel as to the factors of the existence of fraud indicators, to be able to perform essential analytics and independent testing such as horizontal and vertical testing techniques to detect fraud or to examine the validity of evidence being investigated (p.8-9). Frisbey mentioned that forensic accountants should, for example, request and review documents…
Visit the IMA website www.imanet.org . List, describe, and evaluate the requirements to become a Certified Management Accountant. What topics are covered on the exam for certification? Would you be interested in a career as a management accountant? In order to become Certified Management Accountant, the candidate need to be active member in the Institute of Management Accountants & Pay for the entrance fee. Candidate must complete the CMA certification within three years from the date of…
Personal Code of Ethics As an accountant, my code of ethics encompasses integrity, communication, respect, and confidentiality. In order to uphold a high level of integrity in my personal and work life, it is important to develop and follow a personal code of ethics. This code of ethics will be used to inspire me to continue to grow as a person. When facing hard decision in which the right answer is not obvious, I will be able to refer to this code of ethics to facilitate my decision. As an…
200). The members of the American Institute of Certified Public Accountants represent industry and business, consulting, education, government and public practice. The role of the institute is to test the ethical principles of the profession as well as the United States auditing principles for nonprofit organizations, private…
Getting the news that my Grandma had passed away from old age and my Aunt dying from a heart attack is just the worse thing anybody can ever hear, especially if they were your role models and heroes. They were the ones who influenced me to become an accountant and become a CPA, they guided me to taking the right classes in school and what I need to learn and focus on and study. When they passed away it was like I lost my mom and dad because of the role and influence they impacted on my life.…
that my Grandma had passed away from old age and my Aunt dying from a heart attack just a couple weeks later is just the worst thing anybody can ever hear, especially if they were your role models. They were the ones who influenced me to become an accountant and become a CPA, they helped guided me to take the correct classes in school and what I needed to learn and focus on. When they passed away it was like I lost my mom and dad because of the role and influence they impacted on my life. I was…