90. Which of the following positions would most likely be a staff manager?
91. Which of the following would be considered a line function?
92. Which of the following job positions is a staff position?
93. Accounting activities within an organization are usually under the overall supervision of the
94. The chief accounting officer of an organization is the
95. Which of the following is the officer responsible for money management and serves chiefly as the custodian
of the organization’s funds?
96. Which of the following duties is usually assigned to the controller?
97. Currently, the activity found LEAST often within the controller’s department is
98. The setting of objectives and the identification of methods to achieve those objectives is called
99. Analyzing cost overruns to determine their cause is an example of
100. Monitoring the number of defects produced is an example of the management function of
101. Comparing actual quality costs with planned quality costs is an example of
102. Performance reports are accounting reports that compare
103. Setting the company’s profit targets for the upcoming year is an example of the management function of
104. Developing a company strategy for responding to anticipated new markets is an example of
105. The planning process includes
106. Investigating production variances and adjusting the production process is an example of
107. In a performance report, the
108. Evaluating the performance of a segment of the company is an example of
109. The formulation of a program for the accomplishment of a specific purpose is referred to as
110. The manager has to decide what tasks are needed and how they should be accomplished. This statement
describes
111. The monitoring of a plan’s implementation is called
112. Inspecting units produced to determine if they meet specifications is an example of
113. Continuous improvement is
114. Which of the following describes the managerial activity of comparing actual results with budgeted
results?
115. Managers are considering outsourcing sub-components of production. Data is collected about the costs of
making the sub-component. Different bids are sought about the purchase of the sub-components. Which
managerial activity is applicable in this situation?
116. In a company, engineers have redesigned production processes lowering production costs, shortening
production cycle time, reducing waste and improving quality. Which type of managerial activity applies to this
situation?
117. Determining the bid your company should submit on a construction contract is an example of
118. Setting the selling price of a company’s product is an example of
119. Which of the following have been found to be TRUE?
120. Principles of personal ethical behavior include
121. The standards of ethical conduct for management accountants include
122. Extending the close of the fiscal year beyond December 31 so that some sales of next year are included in
the current year would be a violation of which standard of ethical conduct for management accountants?
123. When a management accountant attends training seminars on new FASB rules, which part of the IMA
Code of Conduct is being observed?
124. Altering dates of shipping documents of next January’s sales to record them as sales in the current year
would be a violation of which standard of ethical conduct for management accountants?
125. The acceptance of a savings bond from a supplier would be a violation of which standard of ethical
conduct for management accountants?
126. In resolving an ethical conflict, it is inappropriate to discuss the problem with the immediate supervisor
because of a violation of which standard of ethical conduct for management accountants?
127. In resolving an ethical conflict, which of the following would NEVER be appropriate?
128. Which of the following relates to the credibility section of the IMA Code of Conduct?
129. Disclosing all information, unfavorable as well as favorable, that could influence an intended user’s
understanding of reports, would relate to what section of the IMA Code of Conduct?
130. Engaging in or supporting an activity that would discredit the profession would relate to which part of the
IMA Code of Conduct?
131. When a management accountant ignores data in favor of unsupported opinion, this action would speak
most directly to which part of the IMA Code of Conduct?
132. Disclosing company information (when not legally obligated to do so) would be a violation of which part
of the IMA Code of Conduct?
133. The Standards of Ethical Professional Practice of the Institute of Management Accountants addresses all of
the following EXCEPT
134. Persons in the United States who provide external auditing services are designated as
135. An accountant certified to possess the minimal professional qualifications for an external auditor is a
136. The IMA has a program to recognize professional competence and educational attainment in the field of
management accounting. The program leads to designation as a
137. The certification sponsored by the Institute of Management Accountants that emphasizes economics,
finance, management, financial accounting and reporting, management reporting, and decision analysis is the
138. Explain the relationship between the Cost Management System and the Financial Accounting System.
139. Describe the two major subsystems of the Cost Management System and briefly summarize their
importance.
140. Briefly discuss the relationship between cost accounting, management accounting, and cost management.
141. Identify and discuss the factors that are affecting the way cost accounting is practiced.
142. What is customer orientation? Why is it important in a global environment? What role does cost
management play in serving customers?
143. Discuss the advances of information technology and how these advances might affect the university
education supply chain?
144. Discuss four factors that are changing the way we manufacture.
145. Why has time become such an important factor in competition?
146. How has the nature of accounting systems shifted in response to technology?
147. What is the difference between a staff position and a line position?
148. Contrast the role of the financial vice president, the controller, and the treasurer.
149. Describe the connection between planning, controlling, and feedback.
150. Give some examples of reporting feedback that will assist in continuous improvement of a service industry
company.
151. What is the role of the controller in an organization? Describe some of the activities over which he or she
has control.
152. You are a management accountant for the Eastern Division of Strong Enterprises. Your longtime friend,
Alana Rodriguez, is the Eastern Division manager. Alana was instrumental in helping you obtain your current
position. Because the manager’s annual bonus is based on the amount of profit the Eastern Division reports for
the year, Alana has asked you to “massage the numbers” to make the Eastern Division appear more profitable.
Considering the Standards of Ethical Conduct for Management Accountants, how would you respond to Alana
Rodriguez’ request?
153. Discuss how the goal of profit maximization is affected by ethical considerations. What incentives are
there for managers to manipulate accounting data in unethical ways in order to increase profits?
154. What can a company do to increase the likelihood of its employees being ethical in all their undertakings?
155. You are a management accountant for Savage Corporation. Gabe Hopen, the sales representative for one of
Savage suppliers, invited you to attend a professional sporting event. Because you are an avid sports fan, you
accepted Gabe’s invitation.
156. Explain what is meant by confidentiality and why it is important.
157. Discuss the three forms of accounting certification. Which form of certification do you believe is best for
management accountants? Why?