ACC 317 Module Eight Worksheet

The Institute of Management Accountants issues which certification? O A. CFE B. CMA OC. CIA O D. CPA

Review the imanet.org website to research more information about the Certified Management Accountant (CMA) certification. Choose one of the following questions to discuss: Discuss what you think the benefits of having the CMA certification are and what value a CMA brings to companies. Using the internet or other resources to research other accounting certifications, pick two other accounting certifications and compare them to the CMA. Do you think a certification only allows a professional to work in one field of accounting or another, or do the certifications cross subfields of accounting? Are there benefits to professionals pursuing more than one certification? Why or why not? Which certification do you personally find most interesting and valuable? Discuss what you think the benefits of having the CMA certification are and what value a CMA brings to companies

List three professional certifications offered in accounting and the organizations that offer them.

Problem 4: Explain the purpose of the Code of Professional Conduct for the accounting profession. What are the six principles, described in detail, with an example of how it applies to the auditor?

Please help me.  Thankyou.

Please help me.  Thankyou.

Explain certified public accountant (CPA).

Describe which professional organization(s) would most likely be of greatest value to you if yourposition involved each of the following independent roles:a. Accounting educator.b. Management accountant.c. Certified public accountant.

Need assistance I am trying to get an example on how I would explain this to a group   Explain some management accounting methods and how your report and the data it represents adhere to industry standards and the AICPA code of ethics.

Define certified public accountants.

Problem 2: CPA firms are required to have a peer review done if they are members of the American Institute of Certified Public Accountants or the Public Company Accounting Oversight Board. Define, in your own words, the objective of a peer review and the process of completing one.

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SUMMATIVE TEST IN FUNDAMENTALS OF ABM1 Encircle the best answer that corresponds to each item 21. To become a CPA one must pass the CPA Licensure Exam by the government through the___?   a. Professional Regulatory Commission c. Board of Accountancy b. Philippine Institute of Certified Public Accountant d. Commission on Audit    22. The present law governing practice of accounting in the philippines which is also known as the Accountancy Act of 2004?   a. Republic Act 8424 b. Republic Act 9298 c. Republic Act 9892 d. Republic Act 3104   23. It mainly focuses on the proper custody of government funds and their purposes?   a. Cost of Accounting c. Management Accounting   b. Government Accounting d. Financial Accounting   24.Accounting is the process of identifying, measuring, & communicating economic information to permit informed judgments & decision by users of the information.   a. American Accounting Association c. Financial Reporting Standards Council   b.American Institute…

5. Match the terms with their appropriate descriptions: Group choices:  a. Certified Public Accountant b. Just-in-time manufacturing c.  Certified Management Accountant d. Continuous improvements  e. Certified Internal Auditor f. Certified Government Audition Professional  g. Certified financial Analyst  h. Total quality management  i. Lean six sigma j.  Certified Fraud Examiner   Specialist in corporate accounting management; favors financial analytics, budgeting, and strategic domains? Considered the top tier in accounting certifications; must pass a four-part exam, with education and work experience requirements? Designation that is exclusively for auditors of the public sector? Credential for auditors who work within organizations and is one of a few that is accepted worldwide? Certification for those with a career in finance and investment areas? Designation that proves proficiency in fraud prevention, detection, and deterrence?   The focus is on quality throughout the entire…

Common Acronyms used in Accounting Below, you will see acronyms for several organizations that are somehow related to accounting. Indicate what the acronym stands for and what the organization to which the acronym refers does. FASB Financial Accounting Standard Board IASB International Accounting Standard Board IRS Internal Revenue Service SEC Securities and exchange commission AICPA   For what do the following acronyms stand? Also, explain the concept behind the acronym. GAAP Generally Accepted Accounting Principles. It is set of rules and regulations followed by accounting firms in the United States   IFRS International Financial Reporting Standards Set of rules and regulations generally followed by firms around the world.   Adjusting for Deferrals On October 1, 2019, a company prepays for 6 months of rent at $1,000 per month. Assume that the rental begins on October 1, 2018, that the company adjusts on a monthly basis, and a December 31, 2019 fiscal year end. Create a…

As a prospective member of the accounting profession detail what you consider to be the four (4) most important attributes/qualities of a professional body.

Case Study: Navigating the FASB Accounting Standards Codification (ASC)**   *Introduction:* The FASB Accounting Standards Codification (ASC) serves as the authoritative source for U.S. generally accepted accounting principles (GAAP). It is a comprehensive system designed to organize and present accounting standards in a logical and accessible manner. In this case study, we explore the components included and excluded from the FASB ASC.   *Components of FASB ASC:*   1. **AICPA Statements of Position (SOP):**    - SOPs issued by the American Institute of Certified Public Accountants (AICPA) were included in the FASB ASC during its initial implementation. However, updates to the ASC may have modified this inclusion.   2. **FASB Statements:**    - FASB Statements are a core part of the FASB ASC. These statements represent authoritative guidance on various accounting topics, ensuring consistency in financial reporting.   3. **Accounting Research Bulletins (ARB):**    - ARBs were issued by…

Explain briefly : 1. Chartered Certified Accountant (ACCA) designation. 2. Certified Financial Planner (CFP) designation. 3. Certified Management Accountant (CMA) certification. 4. Certified Public Accountant (CPA) certification. 5. Chartered Alternative Investment Analyst (CAIA) designation.