When a Management Accountant Ignores Data in Favor of Unsupported

question 113

Multiple Choice

When a management accountant ignores data in favor of unsupported opinion, this action would speak most directly to which part of the IMA Code of Conduct?

• A)competence
• B)confidentiality
• C)independence
• D)credibility

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Definitions:

Miscellaneous Expenses

Expenses that don't fit into any specific category within the company's budget, often small or irregular in nature.

Financial Statements

Formal records that outline the financial activities and condition of a business, entity, or individual.

Net Income

The remaining earnings of a business after subtracting all outgoings and tax liabilities from its total earnings.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and equity at a specific point in time, giving insight into its financial position.