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Chapter 1 Introduction to Managerial Accounting




Question;60) Management accountants rarely interact;with employees from other business functions such as marketing and customer;service.;61) The CFO is the person responsible for;the day-to-day operations of the company.;62) The treasurer and the controller;report directly to the CFO.;63) The internal audit department reports;directly to the audit committee, a subcommittee of the board of directors.;64) Managerial accountants no longer;perform routine mechanical accounting tasks in most companies.;65) Managerial accountants are now;considered to be similar to advisors and business analysts.;66) Oral and written communications skills;are considered among the most valuable skills a management accountant can;possess.;67) Technology has been a driving factor;in the changing roles of management accountants.;68) Management accountants spend more time;planning, analyzing and interpreting accounting data and less time recording;routine accounting transactions than they have in the past.;69) The only skill required of managerial;accountants is that they have a solid knowledge of both financial and;managerial accounting.


Paper#55014 | Written in 18-Jul-2015

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