The function of management that compares planned results to actual results is known

as:

A detailed financial plan for the future is known as a:

Which of the following is not one of the three basic activities of a manager?

A performance report is:

The Standards of Ethical Conduct for Management Accountants developed by the Institute of Management Accountants contain a policy regarding confidentiality that

requires management accountants to refrain from is closing confidential information acquired in the course of their work:

Wide-spread adherence to ethical standards in an advanced market economy tends to result in all of the following except:

The Institute of Management Accountants (IMA) has developed ethical standards for management accountants. What four categories has the IMA classified these standards into?

Samantha Galloway is a managerial accountant in the accounting department of Mustang Industries, Inc. Samantha has just discovered evidence that some of the

corporation's marketing managers have been wrongfully inflating their expense reports in order to obtain higher reimbursements from the firm. According to the Institute of

Management Accountants' Standards of Ethical Conduct, what should Samantha do upon discovering this evidence?

Although financial and managerial accounting differ in many ways, they are similar in that both rely on the same underlying financial data.

Managerial accounting is a branch of financial accounting and serves essentially the same purposes as financial accounting.

Managerial accounting places greater emphasis on the future than financial

accounting, which is primarily concerned with the past.

Managerial accounting is not needed in a non-profit or governmental organization.

When carrying out their planning activities, managers select a course of action and specify how the action will be implemented.

When carrying out their planning activities, managers obtain feedback to ensure that the plan is actually carried out and is appropriately modified as circumstances change.

If ethical standards were not generally followed, one of the results would probably be fewer goods and services available in the marketplace.

The Standards of Ethical Conduct for Management Accountants promulgated by the Institute of Management Accountants specifically state that management accountants' sole ethical responsibility is to not break any laws.

MAIS can be used effectively even without the employees’ training.

There is no need to upgrade the Management Accounting Information System.

Management Accounting Information System has its advantages and

disadvantages.

Job workers can be more effective because of the ManagementAccounting

Information System.

MAIS helps the managers make decisions based on the information and

analysis that it provides.

Transactions can be done with ease and confidence due to the utilization of

Management Accounting Information System.

Managers make wise decision for the welfare of the company due to the

utilization of the ManagementAccounting Information System.

They will use the financial statement for monitoring, directing, controlling,

planning, and for their daily decision-making activities.

Management Accounting Information System is very important for a business organization’s success.

Accountants, managers, creditors, stockholders and auditors are internal users of accounting information.