Altering the Dates of Shipping Documents for Next January's Sales

question 158

Multiple Choice

Altering the dates of shipping documents for next January's sales to record them as sales in the current year would be a violation of which standard of ethical conduct for management accountants?

• A)competence
• B)confidentiality
• C)conformance
• D)observance

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Definitions:

Target Costing

A pricing method that involves reversing the traditional cost-plus formula to determine allowable costs based on market price and desired profit.

Cost-consciousness

An awareness and consideration of cost and expenditure in decision-making processes to minimize expenses and enhance efficiency.

Obsolete Desk Calculators

Desk calculators that are no longer in use or have been replaced by more modern or efficient technology.

Net Advantage

The overall benefit or gain obtained from a specific action or decision, considering all positive and negative implications.