Quiz Management Accounting

The statements below is the resolution of ethical conflict based on IMA code ethic of management accountants, EXCEPT...

• Follow established policies

• Clarify issues in a confidental discussion with an objective advisor

• Consult a Doctor to legal obligations

• The last resort is to resign

What is 5 asprects of IMA code ethics for management accountant?

• Competence, confidentiality, integrity, subjectivity, resolution of ethical conflicts

• Competence, Transparancy, integrity, objectivity, resolution of ethical conflicts

• Competence, confidentiality, integrity, objectivity, resolution of ethical conflicts

• Incompetence, confidentiality, integrity, objectivity, resolution of ethical conflicts

Below is the characteristics of management accounting, EXCEPT...

• Emphasis on precision

• Future emphasis

• Focuses on segments of an organization

• Emphasis on relevance for planning and control

Below is the factors that increase the need of management accounting, EXCEPT...

• Regulatory environment

• Increase emphasis on profitability

• World wide competition

• Rapid development and implementation of technology

What is the meaning of objectivity based on IMA code of ethics?

• Communicate informations fairly and disclose all information that might be useful to management

• Communicate informations fairly and don't disclose all information that might be useful to management

• Communicate informations slowly and disclose all information that might be useful to management

• Communicate informations fastly and disclose all information that might be useful to management

The chief accountant of an organization with responsibility for financial planing and analysis, cost control and financial reporting is the explanation of...

• An accountant

• A treasurer

• A president director

• A controller

Do not subvert organization's legitimate objectives is the characteristics of ...... Based on IMA code of ethics.

• Integrity

• Competence

• Confidentiality

• Objectivity

Refrain the activity that could discredit the profession is the characteristics of ..... Based on IMA code of ethics.

• Integrity

• Objectivity

• Confidentiality

• Competence

Ensure thats the subordinates do not disclose confidential information is the characteristics of ..... Based on IMA code of ethics.

• Integrity

• Objectivity

• Confidentiality

• Competence

Follows applicable laws, regulations, and standards is the characteristics of ..... Based on IMA code of ethics.

• Integrity

• Competence

• Confidentiality

• Objectivity