Reference no: EM132836852

Problem 1. It is a field of accounting that provides financial and nonfinancial information to an entity's internal users.

a.) Cost accounting

b.) Financial Accounting

c.) Management Accounting

d.) Government Accounting

Problem 2. Which of the following best describes information processed by management accountants?

a.) It is prepard for shareholders

b.) It Is prepared and in accordance with IFRS

c.) It is complete & verifiable

d.) It is relevant and timely

Problem 3.The American Institute of Certified Management Accountants have established which of the following Standard of Ethical Conduct for management accountants:

a.) Competence, Compassion, Integrity and Confidentiality

b.) Independence, Integrity, Confidentiality and Competence

c.) Competence, Integrity, Confidentiality and Objectivity

d.) Competence, Integrity, Accountability and Confidentiality

Problem 4. Managerial accounting uses historical data

a.) TRUE

b.) FALSE

Problem 5. Which technical standard requires a management accountant the responsibility to dislclose only information approved by management to parties outside the entity?

a.) Competence

b.) Confidentiality

c.) Integrity

d.) Objectivity