Requirements

Each of the statements below describes a responsibility of management. Match each statement to the management responsibility being fulfilled $($a$.$ Plan or d$.$ Controlling$).$

Are the statements below more descriptive of managerial accounting or financial accounting information?

Each of the statements below paraphrases an ethical responsibility. Match each statement to the standard of ethical professional practice being fulfilled c$.$ Integrity, or d$.$ Credibility$).$ Each standard may be used more than once or not at all.

Requirement $1.$ Each of the statements below describes a responsibility of management. Match each statement to the management responsibility being fulfillec c$.$ Directing, or d$.$ Controlling$).$

Statement Management Responsibility

Identifying alternative courses of action and choosing among them Decision making

Running the company on a day$-$to$-$day basis Directing

Determining whether the company's units are operating according to plan

Setting goals and objectives for the company and determining strategies to achieve

them

Requirement $2.$ Are the statements below more descriptive of managerial accounting or financial accounting information?

a$.$ Describes historical transactions with external parties

b$.$ Is not required by any authoritative body, such as the SEC

Reports on the company's subunits, such as products, geographical areas, and

c$.$ departments

d$.$ Is intended to be used by creditors and investors

e$.$ Is formatted in accordance with GAAP

Requirement $3.$ Each of the statements below paraphrases an ethical responsibility. Match each statement to the standard of ethical professional practice being fu b$.$ Confidentiality, c$.$ Integrity, or d$.$ Credibility$).$ Each standard may be used more than once or not at all.

Standard of Ethical

Responsibility

Professional Practice

Do not disclose company information unless authorized to do so$.$

Continue to develop skills and knowledge.