10) Managerial accountants only need a solid understanding of managerial accounting, and not financial accounting. Answer: FALSE 11) Which of the following certifications is issued by the Society of Management Accountants? A) CPA B) CMA C) CIA D) CFP Answer: B EOC: S1-4 12) A CFO have all of the following responsibilities EXCEPT: A) preparing all corporate tax returns. B) managing corporate financing. C) providing reports to creditors as required. D) investing in new equipment. Answer: D EOC: E1-11 13) Who typically manages the daily operations of a company? A) Stockholders B) The controller C) The company's board of directors D) The CEO Answer: D EOC: E1-11
10) Managerial accountants only need a solid understanding of managerial accounting, and not financial accounting. Answer: FALSE 11) Which of the following certifications is issued by the Society of Management Accountants? A) CPA B) CMA C) CIA D) CFP Answer: B EOC: S1-4 12) A CFO have all of the following responsibilities EXCEPT: A) preparing all corporate tax returns. B) managing corporate financing. C) providing reports to creditors as required. D) investing in new equipment. Answer: D EOC: E1-11 13) Who typically manages the daily operations of a company? A) Stockholders B) The controller C) The company's board of directors D) The CEO Answer: D EOC: E1-11
Introduction%20to%20Managerial%20Accounting.docx