On Your Test
Introduction to Managerial Accounting
You will be expected to know the following for multiple choice concept
questions. Almost all questions will relate to these things:
What are managerial reports used for
What are financial reports used for
The differences in managerial accounting and financial accounting
What are the 4 management functions: planning, directing,
controlling, decision making
What does the Institute of Management Accountants do
The components of the “Ethical Standards”: competence, confidentiality,
Integrity, and objectivity
Steps to take to resolve an ethical issue
You will be asked to do the following on problems and multiple choice
problems that require calculations. It boils down to this:
There are typically no problems associated with this subject.