Chapters 1 & 2

1. In order to effectively make his transition from Public Accounting into a senior level corporate position, Papa focused on:

Select one:

a. Obtaining his MBA degree

b. Building relationships within the company

c. Providing strong references

d. Improving his technical skills

2. According to Kenneth Kelly, Finance professionals have moved beyond simply reporting and record keeping to serving as strategic advisors to management.

_______ True or False

3. A management accountant should never say, I dont know to a question.

Select one:

True

False

4. The three communication competencies include:

Select one:

a. Presentation, speaking, and writing

b. Writing, listening, and presentation

c. Listening, presentation, and speaking

d. Listening, speaking, writing

5. The primary duties that CFOs share include all of the following except:

Select one:

a. A sole focus on ensuring the books are closed properly and the financial statements are accurate

b. Representing the organizations progress on external goals to strategic stakeholders

c. Developing and defining the overall strategy for the organization

d. Leading key initiatives in finance that support overall strategic goals

6. Generation X (born 1965-1980) should contain a large enough pool of talented management accountants to fill the gap of retiring baby boomers (born 1946 1964), thus limiting the opportunities for Generations Y (born 1981 2000) professionals.

Select one:

True

False

7. Professionals typically reach the role of CFO through either the Chief Accountant/Controller or the Treasurer role.

Select one:

True

False

8. Since communication skills can be developed through schooling, company training programs, and other resources, it is important for a management accountants progress to pursue such activities to be successful in the profession.

Select one:

True

False

9. Required communication competencies of a team leaders and managers as related to speaking includes all of the following except:

1. Simplifies complex information to ensure understanding.
2. Discourages sharing of ideas and best practices.
3. Shares information as appropriate.
4. Clearly communications vision and goals to team members.

10. The sample of recent employment advertisement listings in Chapter 2 indicate that technical skills are more important that communications skills for management accountants who are looking for a job.

Select one:

True

False