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1.1 Enumerate the four areas covered by Standards of Ethical Conduct for Manageme Accountants and how these areas are defined?

1.1 Enumerate the four areas covered by Standards of Ethical Conduct for Manageme Accountants and how these areas are defined?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...
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Chapter 1 Strategic Cost Management and Management Accounting PROBLEMS 1.1 Enumerate the four areas covered by Standards of Ethical Conduct for Manageme Accountants and how these areas are defined? On on 1.2 lanno Consider the following short descriptions. Indicate whether each description more closely relates to a major feature of financial accounting (use FA) or management accounting (use MA) a. Behavioral impact is secondary b. Is constrained by generally accepted accounting principles c. Has a future orientation d. Is characterized by detailed reports e. Field is more sharply defined f. Has less flexibility on 1-3 For each of the following, indicate whether the employee has line (L) or staff (S) responsibility a. Production superintendent b. Cost accountant C. Market research analyst d. District sales manager Head of the legal department f. President e. Financial accounting information and management accounting information have a number of distinguishing characteristics. 1-4 1. Reporting standard is relevant to the decision to be made 2. Classified financial statements CS Scanned with CamScanner
Transcribed Image Text:Chapter 1 Strategic Cost Management and Management Accounting PROBLEMS 1.1 Enumerate the four areas covered by Standards of Ethical Conduct for Manageme Accountants and how these areas are defined? On on 1.2 lanno Consider the following short descriptions. Indicate whether each description more closely relates to a major feature of financial accounting (use FA) or management accounting (use MA) a. Behavioral impact is secondary b. Is constrained by generally accepted accounting principles c. Has a future orientation d. Is characterized by detailed reports e. Field is more sharply defined f. Has less flexibility on 1-3 For each of the following, indicate whether the employee has line (L) or staff (S) responsibility a. Production superintendent b. Cost accountant C. Market research analyst d. District sales manager Head of the legal department f. President e. Financial accounting information and management accounting information have a number of distinguishing characteristics. 1-4 1. Reporting standard is relevant to the decision to be made 2. Classified financial statements CS Scanned with CamScanner
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