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Chapter 1: Introduction to Managerial Accounting




Question;1.4-1 The;IMA is the professional association for managerial accountants.;1.4-2 The;CMA designation is issued by the IMA.;1.4-3 Your;company sends you to a conference to update your skills. You decide to skip the afternoon session;and go sightseeing. This violates the professional competency and;integrity standards.;1.4-4 The;ethical principles and standards of the IMA always give clear guidance for;every ethical situation.;1.4-5 The;?Ethics Hotline? provides resolution for IMA members who want to discuss;ethical dilemmas.;1.4-6 Just;because a behavior is legal does not always make it ethical.;1.4-7 The IMA?s overarching ethical;principles include: Honesty, Fairness, Objectivity, and Responsibility.;1.4-8 When;faced with an ethical dilemma, the IMA suggests that the first thing management;accountants should do is;call the IMA?s ethics hotline.


Paper#54948 | Written in 18-Jul-2015

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