What Is a Requirement for Accountants Who Have a CPA,(CA,CMA,or

question 5

Multiple Choice

What is a requirement for accountants who have a CPA,(CA,CMA,or CGA) designation?

• A)They are not the only people permitted to serve as external auditors.
• B)They must pass a national examination and be licensed by the province or territory in which they practice.
• C)They are not held responsible for providing assurance concerning the reliability of a firm's financial statements.
• D)They can only work at public accounting firms.

Understand the basic components of manufacturing costs, including direct materials, direct labor, and factory overhead.

Calculate cost of goods manufactured and cost of goods sold from given data.

Identify and differentiate between types of inventories and costs in a manufacturing environment.

Recognize the key phases of the manufacturing process and their respective roles.