ACC 561 Final Exam Guide / uopacc561dotcom
For more course tutorials visit www.uopacc561.com 1) According to the Financial Executives Institute, one function of controllership is _____. 2) Performance reports _____. 3) Budgets _____. 4) Ethical accountants are important to society because _____. 5) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes: 6) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of objectivity includes _____. 7) Which scorecard function is associated with making non-routine decisions?
For more course tutorials visit
www.uopacc561.com
1) According to the Financial Executives Institute, one function of controllership is _____.
2) Performance reports _____.
3) Budgets _____.
4) Ethical accountants are important to society because _____.
5) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes:
6) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of objectivity includes _____.
7) Which scorecard function is associated with making non-routine decisions?
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43) Murphy Company has two service departments, Maintenance andPersonnel, as well as two production departments, Mixing andFinishing. Maintenance costs are allocated based onsquare footage while personnel costs are allocated based on numberof employees. The following information has been gathered for thecurrent year:46) In absorption costing, costs are separated into the major categoriesof_____.47) _____ is another term for variable costing.48) When the variable costing method is used, fixed factory overheadappears on the income statement as a_____.49) _____ is the first step in designing a management control system.50) _____ is (are) the most basic component of a management controlsystem.51) Identify which of the following is not a characteristic of amanagement control system.
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