Question

1. The CMA is not a very widely known certification, and does not indicate a level of true professional achievement.

   True

   False

QUESTION 19

1. A managerial accountant may be involved in aspects of the business such as manufacturing planning, change implementation, strategy, customer analysis, and others.

   True

   False

QUESTION 20

1. The CPA is the most widely recognized professional certification for accountants in the United States.

   True

   False

Answer 1

Question 18

Answer false

Certified Management Accountant (CMA) is a certification in financial accounting and strategic management. Furthermore, unlike other accounting certifications, CMA is a globally recognized credential with a special focus on corporate finance and management accounting.

Question 19

Answer. True

Managerial accountants record financial information for their companies that is used by the organization's management team to aid in the decision-making process. Managerial accountants develop budgets, perform asset and cost management, and create important reports used by the management team.

Question no. 20

True

CPA, or Certified Public Accountant, is a designation reserved for accountants in the US who pass the CPA exam. This designation shows an expertise in the field.