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Chapter 1 Introduction to Managerial Accounting

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Question;136) Lean production cuts the throughput;time of a manufacturing concern.;137) ISO 9001:2008 is a certification program;for companies that adhere to an international set of quality management;standards and guidelines.;138) According to SOX, at least one member;of the audit committee should be a financial expert.;139) IFRS stands for "important;financial reporting standards.;140) XBRL will be required of both public;and private companies.;141) Managerial accounting has its roots;in the industrial age of manufacturing.;142) Lean thinking is both a philosophy;and a business strategy of manufacturing without waste.;143) The American Institute of Certified;Public Accountants was the first professional membership organization in the;United States to earn the ISO 9001 certification.;144) Sustainabilityisgenerally;describedasthe ability to meet the needs of the present without;compromising the ability of future generations to meet their own needs.

 

Paper#54925 | Written in 18-Jul-2015

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