1. Typical accounting tasks include all of the following tasks except________.

a. auditing

b. tax compliance and planning

c. consulting

d. purchasing direct materials

2. Which of the following groups would have access to managerial accounting information?

a. investors

b. competitors of the business

c. bankers

d. managers

3. Financial accounting information ________.

a. provides investors guarantees about the future

b. should be incomplete in order to confuse competitors

c. should be prepared differently by each company

d. summarizes what has already occurred

4. Most states require 150 semester hours of college credit for which professional certification?

a. Certified Financial Planner (CFP)

b. Certified Internal Auditor (CIA)

c. Certified Public Accountant (CPA)

d. Certified Management Accountant (CMA)