Managerial Accounting: Creating Value in a Dynamic Business Environment 12th Edition by Ronald Hilto
and explain big data and data analytics
and how they interact with managerial
accounting.
80.
Award: 1.00 point
Data science draws on what to transform large volumes of data into information?
techniques from mathematics, probability, statistics, and computer science.
techniques from military science and management principles.
techniques from architecture and materials science.
techniques from mergers and acquisitions.
techniques from tax regulations and the law.
Data science draws on techniques from mathematics, probability, statistics and computer science to
transform large volumes of data into information.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-09 Understand
and explain big data and data analytics
and how they interact with managerial
accounting.
81.
Award: 1.00 point
Data science is often practiced by specialists, who use powerful software tools such as:
Tableau and RStudio.
Nintendo and Chrome.
Unix and Basic.
QuickBooks and Microsoft Word.
Microsoft Power Point and Quicken.
Tableau and RStudio are commonly used by data science specialists.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-09 Understand
and explain big data and data analytics
and how they interact with managerial
accounting.
82.
Award: 1.00 point
Data analytics are particularly important to the managerial accountant in what two areas?
budgeting and planning.
cost behavior and cost estimation.
variance analysis and planning.
balanced scorecard perspectives and planning.
direct cost and direct labor.
Data analytics are particularly important to the managerial accountant in the areas of cost estimation
and cost behavior.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-09 Understand
and explain big data and data analytics
and how they interact with managerial
accounting.
83.
Award: 1.00 point
The primary design of the CPA designation is to:
focus on practices in accounting and finance within the company.
to ensure competence of managerial accountants throughout Europe.
to ensure higher wages for accountants within companies.
to increase membership by academics and senior financial executives.
assure the competence of those working outside companies and the reliability of public
company reports.
CPA designation allows assurance of competence outside companies, as well as the reliability of
public company reports.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-10 Discuss the
professional organizations and
certifications in the field of managerial
accounting.
84.
Award: 1.00 point
The largest professional association for management accountants in the U.S. is:
The American Institute of Certified Public Accountants.
The Institute of Management Accountants (IMA).
The Chartered Institute of Management Accountants.
The Financial Executives International (FEI).
The Association for Chartered Global Management Accountants.
The IMA is the largest professional organization for management accountants in the U.S.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-10 Discuss the
professional organizations and
certifications in the field of managerial
accounting.
85.
Award: 1.00 point
Criticisms leveled at the audit firm, Arthur Andersen, in its original conviction after the 2001 Enron
scandal led Congress to pass:
The 2002 Ethical Conflicts Act.
The Sarbanes-Oxley Act of 2002.
The Institute of Management Accountants’ Trust and Confidence Act.
The Restitution and Penalties Act.
The Institute of Management Accountants’ Statement of Ethical Professional Practice.
The Enron scandal spawned the creation of the Sarbanes-Oxley Act of 2002.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-11 Describe the
ethical responsibilities and ethical
standards that apply to managerial
accounting.
86.
Award: 1.00 point
Which of the following can be linked to a wave of corporate scandals that took place in recent past?
Greedy corporate executives.
Managers who made over-reaching business deals.
Lack of oversight by companies' audit boards and boards of directors.
Shoddy work by external auditors.