constraint at Pizza World? A) the person who makes the pizza crust. B) the person who puts toppings on the pizzas. C) the pizza oven. D) any of the above could be the constraint. 2. The Standards of Ethical Conduct for Management Accountants developed by the Institute of Management Accountants contain a policy regarding confidentiality that requires management accountants to refrain from disclosing confidential information acquired in the course
Words: 1764 - Pages: 8
CHAPTER 1 INTRODUCTION: THE ROLE, HISTORY, AND DIRECTION OF MANAGEMENT ACCOUNTING QUESTIONS FOR WRITING AND DISCUSSION 1. A management accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. 2. The inputs of a management accounting information system are economic events. The processes transform the inputs into outputs and are such things as collecting, measuring, storing, analyzing, reporting, and
Words: 3654 - Pages: 15
The Institute of Management Accountants’ has created a certification that not only showcases to businesses an individual’s ability, but provides a benchmark for professionalism and ethical behavior. In 1972, the first CMA exam and accreditation was administered to accounting professionals (CMA Handbook, 2012). Forty years later, the program has developed into an internationally recognized program. Individuals who wish to distinguish themselves from thousands of other accountants have the opportunity
Words: 803 - Pages: 4
Nicholas Kirkman W915684 Cost Accounting Ethics Project Behaving ethically is an important part of management, at any level, and four major factors are key to ethical management. The first factor, competence, requires management to maintain an appropriate level of professional competence by ongoing development of their knowledge and skills. This ensures that management is skilled at what they do, and will continue to develop their skills as they progress along the company ladder. Confidentiality
Words: 816 - Pages: 4
economic state so that company can flourish. The account’s main responsibility is to the company, but if the companies’ board, managers and share-holders are at cross purpose, the accountant is conflicted. This conflict forms the ground for many ethical problems. 3) Tax accounting- another important role of accountant is the determination of tax liabilities for clients’, individual or corporate. 4) Financial planning- more and more accountants are engaging in this kind of activity, which springs
Words: 1485 - Pages: 6
MAKING. IT ALSO DEFINES IMPORTANT COST CONCEPTS AND INTRODUCES KEY IDEAS THAT WILL BE EMPHASIZED THROUGHOUT THE TEXT. THE CHAPTER CONCLUDES WITH A DISCUSSION OF THE INFORMATION AGE AND THE IMPACT OF INFORMATION TECHNOLOGY ON BUSINESS, A FRAMEWORK FOR ETHICAL DECISION-MAKING AND THE ROLE OF THE CONTROLLER AS THE TOP MANAGEMENT ACCOUNTANT. NOTE THAT YOU CAN ENHANCE AND TEST YOUR KNOWLEDGE OF THE CHAPTER USING WILEY’S ONLINE RESOURCES, THE SELF-ASSESSMENT QUIZ AND REVIEW PROBLEMS AT THE END OF THE CHAPTER
Words: 7726 - Pages: 31
Rob Oostendorp Ethics in Accounting Professor Ritsma 5/14/02 #79 Edvid, Inc. Analyzing Edvid’s situation with the 7-step ethical decision-making process: Facts: • Edvid wants to use the Modified Operating Method for accounting for its revenue. • Hutton wants to use Profit Recognition – New Method for accounting for Edvid’s revenue. • Edvid justifies their position with SFAS No. 48 & 53. • Hutton felt that neither SFAS No. 48 or 53 applied to Edvid’s position. Operational
Words: 1601 - Pages: 7
Trustworthiness and Responsibility are the two pillars primarily affecting this case. Trustworthiness requires that one be honest; does not deceive, cheat or steal; and be reliable. Giles and Regas were telling lies and keeping secrets as they broke the rules of the firm and cheating on promises made Giles and Regas have a personal responsibility for their actions. It may be argued that they are not responsible for their feelings, but they are responsible for acting on their feelings. Being responsible
Words: 1384 - Pages: 6
Company X is a high-end shoe store that produces and sales customizable shoes. Each shoe is uniquely customized to meet the expectations the customer. The shoes can be purchased through online order only. Numerous amounts of resources are required for the production of each shoe. The material required to produce each shoe is $2,000.00. The cost of labor is $500.00 and the overhead is $700.00. The cost of material, labor and overhead were added to determine the total production price of the each shoe
Words: 1186 - Pages: 5
accountants. Management accountants provide their services to business houses for recording and studying the company's financial data. Financial accounting is based on rules issued by the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB) and the International Accounting
Words: 3415 - Pages: 14
