100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
acc 241 Exam Questions and Answers | 100% Pass $9.99   Add to cart

Exam (elaborations)

acc 241 Exam Questions and Answers | 100% Pass

 0 view  0 purchase
  • Course
  • Accounting 241
  • Institution
  • Accounting 241

acc 241 Exam Questions and Answers | 100% Pass Which of the following report to the audit committee of the Board of Directors? A.The treasurer and controller B.The CFO and internal audit department C.The internal audit department and the independentCPA firm D.The CFO and the independent CPA f...

[Show more]

Preview 2 out of 9  pages

  • September 25, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Accounting 241
  • Accounting 241
avatar-seller
EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

acc 241 Exam Questions and Answers |
100% Pass


Which of the following report to the audit committee of the Board of Directors?

A.The treasurer and controller

B.The CFO and internal audit department

C.The internal audit department and the independentCPA firm

D.The CFO and the independent CPA firm - ✔️✔️Correct-c

Which of the following management responsibilities are being fulfilled when

management uses feedback to take corrective action on the budgets?

A.Directing and planning

B.Planning and decision-making

C.Controlling and decision-making

D.Planning and controlling - ✔️✔️Correct-c

Which of the following statements is TRUEabout managerial accounting information?

A.It is prepared annually and quarterly.

B.It is audited by CPAs.

C.It emphasizes relevance.

D.It must be prepared in conformity with generally accepted accounting principles

(GAAP). - ✔️✔️Correct-c
1/9

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which of the following persons or groups would be LEAST likely to receive detailed

managerial accounting reports?

A.Plant managers

B.Current shareholders

C.Sales territory managers

D.CEO - ✔️✔️Correct-b

To resolve ethical dilemmas, the IMA suggeststhat management accountants should

FIRST:



A.follow their company's established policies for Reportingunethical behavior.

B.discuss the unethical situation with their immediate supervisor.

C.consult an attorney.

D.call the IMA "Ethics Hotline". - ✔️✔️Correct-a

SOX requires publicly traded companies to have ___________ assessed annually.

A.their internal control system

B.their financial Reporting procedures

C.their internal control system and financial Reporting system

D.none of the above - ✔️✔️Correct-c

Managerial accounting is needed by which type of company?A.Manufacturers

B.Retailers

C.Service


2/9

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart