acc_561_week_3_dq_1.doc

May 28th, 2015
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acc_561_week_3_dq_1.doc

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1)According to the Financial Executives Institute, one function of controllership is _____. A.short term financingB.reporting and interpreting financial informationC.investmentsD.provision of capital2)Performance reports _____. A.provide feedback by comparing results with plans and by highlighting deviations from plansB.ignore areas that are presumed to be running smoothlyC.are quantitative expressions of action plansD.are deviations from a plan3)Budgets _____. A.provide feedback by comparing results with plans and by highlighting deviations from plansB.ignore areas that are presumed to be running smoothlyC.are quantitative expressions of action plansD.are deviations from a plan4)Ethical accountants are important to society because _____. A.the information produced is reliableB.none of these answers is correctC.they pay their taxesD.they will not go to prison and waste taxpayers' money5)According to the Institute of Management Accountants' Statement of Ethical Professional Practice, the standard of competence includes: A.avoiding actual or apparent conflicts of interestB.All of these answers are correctC.the ongoing development of the accountant's knowledge and skillsD.disclosing all relevant information6)According to the Institute of Management Accountants' Statement of Ethical Professional Practice, the standard of objectivity includes _____. A.all of these answers are correc

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