Determine whether each of the following statements is true or false:

Managers' three primary responsibilities are planning, directing, and controlling. Management accounting is geared toward external stakeholders, such as investors and

creditors.

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Management accountants often work in cross$-$functional teams throughout the organization. $$

The internal audit function reports to the audit committee of the board of directors. Management accountants are now mor$$ often looked upon as internal business advisors,

rather than "bean counters" recording historical transactions.

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Management accountants should be technically proficient, but they don't need strong oral and

written communication skills.

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Management accountants should be proficient in Excel. $$

The AICPA $($American Institute of Certified Public Accountants$)$ issues the CMA $($Certified

Management Accountant$)$ certification.

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