Which of the following is NOT an ethical standard of managerial accounting? ntegrity Competency Objectivity Confidentiality Efficiency
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Which of the following is NOT an ethical standard of managerial accounting?
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ntegrity
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Competency
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Objectivity
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Confidentiality
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Efficiency
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- Which of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitabilityWhich of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives
- Which of the following is one of the limitations of Management Accounting?Select one:a. Existence of wide knowledgeb. Simplified approachc. Lack of objectivityd. Free of cost systemWhich of the following is NOT one of the limitations of Management Accounting?Select one:a. Lack of wide knowledgeb. Complicated approachc. Costly systemd. Concerned with the futureWhat are the ethical responsibilities ofmanagement accountants?
- How can accounting firms ensure independence and objectivity as part of their quality control procedures?Which of the following is NOT a technical competency that a managerial accountant needs to possess? Question 6 options: Technology Tax return preparation Decision Analysis Internal ControlsDiscuss specific characteristic differences we would expect to see in managerial accounting information as opposed to financial accounting information.
- Which of the following does NOT describe management accounting?A. Emphasis on the pastB. Evaluation of products and their performance within the companyC. Externally focussedD. Often provided detailed informationExplain the characteristics of contingency theory of management accounting. What are some of the criticisms of contingency theory? Do you believe that contingency theory has made adequate contribution to management accounting? Explain in detail.Managerial accounting is often reffered as accounting for internal users of information. true or false?