Introduction to Managerial Accounting MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 18, 2021

1.
The IMA’s Standards of Ethical Conduct for practitioners of management accounting and financial accounting include 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 a 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 a managerial accountant have the responsibility to refuse any gift, favor, or hospitality that would influence (or appear to influence) their decision?

7. Under which ethical standard of conduct does a managerial accountant have the responsibility to refrain from either actively or passively subverting the attainment of the 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 activities that would discredit the profession?

9. Under which ethical standard of conduct does a managerial accountant have the responsibility to fully disclose 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 include:


 

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True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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