Professional certifications are issued by the American Institute of Certified Public Accountants (AICPA), the Institute of Management Accountants (IMA), the Chartered Institute of Management Accountants (CIMA), and the Chartered Professional Accountants of Canada (CPA-Canada), among other professional accounting organizations. The Certificate in Management Accounting (CMA) is issued by the
A) CIMA.
B) IMA.
C) CPA-Canada.
D) AICPA.
Answer: B) IMA
To determine whether a particular action is professionally ethical or not, using the Institute of Management Accountants Statement of Ethical Professional Practice, it is necessary to know:
A) whether the act is legal in your jurisdiction.
B) the intent and the business context of the act.
C) the amount of the fraud or theft that is involved.
D) whether the management accountant is certified.
Answer: B) the intent and the business context of the act.
A management method in which managers and employees commit to a process of continuous improvement is best described as
A) total quality management.
B) business process improvement.
C)lean accounting.
D) the theory of constraints.
Answer: B) business process improvement
