英文CMA（P2） Gleim17 Part2 Test Prep （5）
Question: 18 Scott Jon, a new accounting clerk at a firm that had recently terminated several employees due to budgetary cutbacks, accidentally viewed his supervisors biweekly paycheck. Not realizing that the paycheck included an annual bon......
Question: 18 Scott Jon, a new accounting clerk at a firm that had recently terminated several employees due to budgetary cutbacks, accidentally viewed his supervisor’s biweekly paycheck. Not realizing that the paycheck included an annual bonus, Jon erroneously multiplied the gross pay by 26 to find annual earnings. Jon was amazed that his supervisor appeared to earn more than twice the local average for employees in an accounting supervisory position. Jon discussed this situation with a friend, a recently terminated employee of the company who now worked for a local newspaper. As a result of this discussion, the supervisor’s “outrageous” salary was made public. Which one of the standards of the IMA’s Statement of Ethical Professional Practice did Jon’s actions violate?
Question: 19 Chris Benedict was recently tried and convicted in court for producing and selling illegal narcotic drugs. None of the activity occurred during work hours, and Benedict performed duties as a management accountant without incident during the period of illegal activity. Benedict has argued that because the illegal activity was unrelated to Benedict’s service as a management accountant, no ethical violation had been committed. Which provision of the IMA’s Statement of Ethical Professional Practice is most likely to apply to Benedict’s illegal actions?
Question: 20 At NC Corporation, year-end bonuses at each branch office are based on branch profitability. Due to a slow economy, profitability through the third quarter at the Northeast branch is under budget. To address this issue, the accounting staff at the Northeast branch develops a list of end-of-year actions designed to boost earnings for the year. Which one of the following is most likely to violate IMA’s Statement of Ethical Professional Practice?
A. Requesting the branch’s advertising agency to delay billing third-quarter advertisements until January.
B. Deferring advertising expense by reducing the number of newspaper advertisements run in the third quarter.
C. Deferring planned painting and refurbishment of the warehouse until the following year.
D. Offering additional discounts to customers to entice them to increase purchases in the third quarter.
Question: 21 Mark Tian, a staff accountant, becomes aware of an off-balance-sheet bank account where funds have been diverted with offsetting credits approved by his immediate supervisor. His immediate supervisor refuses to discuss it and suggests Tian forget about it. Which one of the following should be Tian’s next course of action in this circumstance?
A. Put concerns in writing to the immediate supervisor and copy the company’s independent auditor.
B. Discuss concerns with the level of management above the immediate supervisor.
C. Communicate concerns confidentially to the company’s independent auditor.
D. Communicate concerns confidentially to the company’s external legal counsel.
Question: 22 A company has a December 31 year end. Which one of the following options to increase net income during the last month of the company’s fiscal year end would least likely result in a violation of the IMA’s Statement of Ethical Professional Practice?
A. Persuade suppliers to postpone billing until January 1.
B. Delay the year-end closing until January 4 to capture sales over the New Year’s holiday in the current year.
C. Reduce the calculated allowance for bad debts and bad debt expenses.
D. Postpone planned marketing expenditures until January.
Question: 23 You have examined your organization’s financial statements and determined that they present a number of significant items in a fraudulent manner. You know that you should report this situation to management but are concerned that reporting it might result in your employment being terminated. Failure to report this situation is a violation of which of the ethical standard(s) outlined in IMA’s Statement of Ethical Professional Practice?
D. Confidentiality and Integrity.