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Chapter 1: Introduction to Managerial Accounting




Question;1.3-1 The CFO of a company is responsible;for the day-to-day running of the company.;1.3-2 The;treasurer and the controller report directly to the CFO.;1.3-3 The internal audit department;reports directly to the subcommittee of the board of directors called the audit committee.;1.3-4 In most companies, managerial;accountants no longer perform routine mechanical accounting tasks.;1.3-5 Managerial;accountants are now considered to be similar to advisors and business analysts.;1.3-6 Oral;and written communications skills are considered among the most valuable skills;a management accountant;can possess.;1.3-7;Technology;has been a driving factor in the changing roles of management accountants.;1.3-8;Management;accountants spend more time planning, analyzing and interpreting accounting;data and less time recording routine accounting;transactions than they have in the past.


Paper#54942 | Written in 18-Jul-2015

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