Introduction to Managerial Accounting MCQs

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1.

The IMA’s Standards of Ethical conduct for practitioners of Management Accounting and Financial Accounting includes which of the following broad categories?

 
 
 
 

2. Which major activities do managers carry out?

 
 
 
 

3. Which one of the following is not the role of cost and management accountant?

 
 
 
 
 

4. Which of the following is not true?

 
 
 
 
 

5. Which of the following is true?

 
 
 
 
 

6. Under which ethical standard of conduct does the managerial accountant have the responsibility to refuse any gift, favor, or hospitality that would influence or appear to influence his/her decision?

 
 
 
 
 

7. Under which ethical standard of conduct does the managerial accountant have the responsibility to refrain from either actively or passively subverting the attainment of organization’s legitimate and ethical objectives?

 
 
 
 
 

8. Under which ethical standard of conduct does the managerial accountant have the responsibility to refrain from engaging in or supporting activity that would discredit the profession?

 
 
 
 
 

9. Under which ethical standard of conduct does the managerial accountant have the responsibility to disclose fully all relevant information that could reasonably be expected to influence an intended user’s understanding of the reports, comments and recommendations presented?

 
 
 
 
 

10. Managerial accounting activity adds value to an organization by pursuing five major objectives, which includes:

 
 
 
 
 

Next Quiz: Cost of goods sold and income statement

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