MA 2025

Which of the following management responsibilities often involves evaluating the results of operations

• Planning

• Directing

• Controlling

• None of the above

MA differs from financial accounting in that managerial accounting

• Tends to report on the company as a whole rather than segments of the company

• Emphasizes data relevance over data objectivity

• Is used primarily by external decision makers

• Is required by GAAP

Which of the following corporate positions is responsible for general FA, MA, and tax reporting

• Controller

• Treasurer

• Internal audit

• Chief operating officer (COO)

Of the following skills which are needed by today’s management accountants

• Strategic thinking

• Cost management

• Decision analysis

• All of the above

) Which of the following organizations is the professional association specifically for management accountants

• FASB

• AICPA

• IMA

• IFRS

Which of the following professional standards requires management accountants to continually develop their knowledge and skills?

• Competence

• Confidentiality

• Integrity

• Credibility

Which of the following professional standards requires MA to not disclose private information about their organizations?

• Competence

• Confidentiality

• Integrity

• Credibility

Which of the following requires the company’s CEO and CFO to assume responsibility for the company’s financial statements and disclosures

• Sarbanes-Oxley Act of 2002 (SOX)

• Institute of Management Accountants (IMA)

• Enterprise Resource Planning (ERP)

• Lean operations

Which of following is false

• Globalization has increased the necessity for more detailed and accurate cost information

• The triple bottom line focuses on three items: net income, net assets, and return on investment

• ERP systems integrate information from all company functions into a centralized data warehouse

• Lean operations is a philosophy and business strategy of operating without waste

All of the following are business trends affecting management accounting except

• Shifting economy

• Sustainability

• Big data

• All of the above