dsm 1

Who is responsible for all of the company's financial concerns?

CFO

Which of the following is NOT a benefit of using data analytics?

Data analytics can eliminate competition and drive up prices.

Which of the following is NOT a benefit of data analytics?

Data analytics can have a stabilizing effect on industries.

Jewel has been asked to investigate customer complaints about long wait times at ticket counters. Which of the following type of analytics best describes Jewel's work on this project?

Diagnostic analytics

Identify which user of accounting information would mainly use financial accounting information.

External auditor

Who is responsible for ensuring that the company's internal controls and risk management policies are functioning properly?

Internal auditor

Which of the following job duties would most likely be performed by someone working for the treasurer?

Investing company funds

Which does NOT describe the current role of the managerial accountant?

Managerial accountants prepare the financial statements for an organization.

Which of the following is a result of corporate accounting scandals at organizations such as Enron and WorldCom?

Passage of the Sarbanes-Oxley Act of 2002

Hamesh has been asked to develop a presentation for his organization's budget committee about future expenses. Which of the following type of analytics best describes Hamesh's work on this presentation?

Predictive analytics

Which of these was established as a result of corporate scandals?

Sarbanes-Oxley Act of 2002 (SOX)

Which of the following best describes data that might be found in a company's ERP system?

Structured data

What is the role of the internal auditor in an organization?

The role of an internal auditor is to ensure that the company's internal controls and risk management policies function properly.

Which of the following characteristics does NOT pertain to management accounting?

Abides by externally imposed standards such as GAAP

________ recognizes that a company's performance should be viewed not only in terms of its ability to generate economic profits for its owners, as has traditionally been the case, but also in terms of its impact on people and the planet.

Triple bottom line

Which of the following best describes data such as social media posts and satellite images?

Unstructured data

The IMA Statement of Ethical Professional Practice standard of integrity mandates that each member has a responsibility to ________.

abstain from engaging in or supporting any activity that might discredit the profession

Who reports directly to the board of directors?

audit committee

Providing decision support that is accurate, clear, concise, and timely is in accordance with which standard of ethical professional practice?

competence

Disclosing confidential information of a past employer to gain advantage at a new job is a violation of the ________ standard of ethics?

confidentiality

Who is usually responsible for general financial accounting, managerial accounting, and tax reporting?

controller

Financial Accounting involves each of the following tasks EXCEPT ________.

controlling, which involves evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals

A factor which has been a major reason for heightened interest in business ethics is ________.

corporate collapses

The IMA standard that includes disclosing all relevant information that could reasonably be expected to influence an intended user's understanding of the reports, analyses, or recommendations is ________.

credibility

An explanation as to why entities act in a socially responsible manner is ________.

customers and the community expect socially responsible entities

Which of the following is integrated throughout all managerial accounting responsibilities?

decision making

A violation of a professional code of conduct is most likely to occur when a managerial accountant ________.

discloses confidential information of a past employer to gain advantage

The advantages of enterprise resource planning (ERP) systems include all of the following EXCEPT ________.

it encourages decision-making based on gut feelings

In Excel, what is the name for the top bar on the page, where you'll see File, Home, Insert, and Page Layout?

ribbon

________ refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs.

sustainablity