Professional Documents
Culture Documents
Reviewer
Reviewer
MW 300-430 PM
09/16/2020
2. The chief management accountant called “controller” traditionally performs these functions
except
A. The establishment and implementation of the financial planning process.
B. Financial and management reporting and interpretation.
C. Protection of company’s resources and economic conditions.
D. Preparation of proposals for product promotions.
5. What are the 3 similarities between Financial Accounting and Management Accounting?
8. Give at least 3 skills needed of Management Accountants and explain each briefly.
9. Engaging in or supporting an activity that would discredit the profession would relate to which
part of the IMA Code of Conduct?
A. Competence
B. Credibility
C. Independence
D. Integrity
11. In comparing management and financial accounting, which of the following more accurately
describes management accounting information?
A. Comparable, verifiable, monetary
B. Budgeted, informative, adaptable
C. Required, estimated, internal
D. Historical, precise, useful
14. Controllership has attained special recognition in corporate management as businesses expand
in complexity and reach, and as the controller exerts influence for management to take
organization’s goals. Controllership and treasurership constitute corporate finance. These are
among the controller’s traditional functions:
1. Tax management. 5. Reporting to government regulatory agencies.
2. Financial reporting and interpretation. 6. Risk management.
3. Credit management. 7. Economic appraisal.
4. Sourcing and investing funds. 8. Planning for control.