Question 1

Knowledge of the COSO frameworks discussed in the text would be important in: (i) the CMA exam, (ii) the CIA exam, (iii) the CISA exam.

Accepted Answer

All three exams (CMA, CIA, and CISA) cover topics related to internal control and risk management, which are addressed by the COSO frameworks. Therefore, knowledge of the COSO frameworks is important for all three exams.

Question 2

A personal career mission statement is most closely associated with a corporation's:

Accepted Answer

A personal career mission statement is a statement that outlines an individual's goals and aspirations for their career. It is not directly related to an annual report or budgeting process. While organizational structure can be a factor in an individual's career path, it is not the most closely associated with a personal mission statement. A corporation's competitive advantage, on the other hand, is closely tied to its mission statement, as it outlines the company's unique value proposition and goals for success. In a similar vein, a personal career mission statement serves as an individual's own unique value proposition and goals for success in their chosen career path.

Question 3

Professional exam comparison
Several items describing various accounting professional exams are listed below. Place an "X" in the appropriate column(s) to indicate which exam is described. $\begin{array} { | l | l | l | l | l | } 
\hline & \text { CMA } & \text { CFE } & \text { CIA } & \text { CISA } \
\hline \text { a. Certification based on a points system } & & & & \
\hline \text { b. Comprises exactly four parts } & & & & \
\hline \text { c. Degree can substitute for some experience } & & & & \
\hline \text { d. } \quad \text { Divided into seven sections } & & & & \
\hline \text { e. Experience is necessary } & & & & \
\hline \text { f. Given online } & & & & \
\hline \text { g. } \text { Must be taken in person } & & & & \
\hline \text { h. Questions can include case analysis } & & & & \
\hline \text { i. Requires education } & & & & \
\hline \text { j. } \text { Tests knowledge of legal issues } & & & & \
\hline
\end{array}$

Accepted Answer

The answer of Professional exam comparison
Several items describing various accounting...

Question 4

While in college, Billy accepted a full-time, ten-week position as an accounts payable clerk in a small corporation. His action is most closely associated with:

Accepted Answer

Accepting a full-time position as an accounts payable clerk in a small corporation while in college is most closely associated with researching employment opportunities. Billy was likely looking for ways to gain experience and build his resume while still in school, and this position provided a valuable opportunity to do so. While it may have also helped him develop his skills and determine his career mission, these are not the primary reasons that he would have accepted the position. Similarly, while the experience may be useful for earning a CMA certificate in the future, this is not something that would have necessarily been on Billy's mind at the time he accepted the job. Finally, this action is not really related to practicing his interviewing skills, as he would have already gone through the interview process to obtain the job.

Question 5

Technical aspects of information technology, such as how to create normalized database tables, are least likely to be tested in the ___ exam.

Accepted Answer

The CFE exam is focused on fraud examination and detection, and does not typically test technical aspects of information technology.

Question 6

Which of the following is the strongest career mission statement?

Accepted Answer

The strongest career mission statement is one that focuses on a larger purpose or goal, rather than just personal gain or working for a specific company. Option D shows a dedication to helping others, which can be a powerful motivator and can lead to a fulfilling career.

Question 7

Detailed knowledge of the Sarbanes-Oxley Act of 2002 is least important for professionals certified as:

Accepted Answer

The answer of Detailed knowledge of the Sarbanes-Oxley Act of...

Question 8

In a typical career search process, which of the following should occur first?

Accepted Answer

Assessing your interests and personal characteristics should come first in a typical career search process as it will help you identify and narrow down your career options based on your strengths and preferences. This will ultimately make the job search process more efficient as you will be able to focus on roles that align with your interests and skills.

Question 9

Which of the following topics is unique to the CISA exam?

Accepted Answer

Systems development life cycle is unique to the CISA exam as it is a key area of focus in IT governance and auditing. Relational database construction, the accounting cycle, and risk management are all important topics in the field of IT, but they are not unique to the CISA exam as they are covered in other IT-related certifications and courses.

Question 10

Which step in the career planning process should be completed without consulting others: (i) determining strengths, aptitudes and abilities, (ii) creating a career mission statement.

Accepted Answer

Determining strengths, aptitudes, and abilities is a personal reflection process that should be completed individually to ensure an authentic self-assessment.

Question 11

Researching employment opportunities should start:

Accepted Answer

It's best to start researching employment opportunities as soon as possible after entering college. This will give you a head start in understanding the job market, which employers are hiring, and what skills and qualifications are required. This information can help you make informed decisions about your courses, internships, and extracurricular activities, to help you better position yourself for your desired career path.

Question 12

Which of the following best describes a major difference between the CMA and CFE exams?

Accepted Answer

The answer of Which of the following best describes a...

Question 13

CMA exam content: Fill in the blanks below according to the parts of the CMA exam.
a. ______ applications.
b. Business ______.
c. Management ______ and ______.
d. Strategic ______.

Accepted Answer

The answer of CMA exam content: Fill in the blanks...

Question 14

Participating in practice interviews always assists directly in: (i) determining strengths, aptitudes and abilities, (ii) building a resume.

Accepted Answer

The answer of Participating in practice interviews always assists directly...

Question 15

"I'm good at working with numbers" is an example of:

Accepted Answer

"I'm good at working with numbers" is a statement about one's innate ability or potential, which is what an aptitude refers to. The other options do not apply as directly to this statement - a career mission statement would typically focus on one's goals and aspirations, a resume item would be an accomplishment or experience, and a search criterion would be a specific requirement for a job or opportunity.

Question 16

Visiting the campus career center can assist in which steps of the career search process: (i) building the resume, (ii) practicing interviewing skills, (iii) creating a career mission statement.

Accepted Answer

Visiting the campus career center can assist in all three steps of the career search process - building the resume (i), practicing interviewing skills (ii), and creating a career mission statement (iii). Therefore, option (D) is the correct choice.

Question 17

The career planning process discussed in the text includes five steps, one of which is building a resume; several other steps are listed below. Which one is least likely to provide material for the resume?

Accepted Answer

The answer of The career planning process discussed in the...

Question 18

Which of the following is least likely to be helpful in developing a career mission statement?

Accepted Answer

While it can be helpful to discuss career goals and aspirations with peers, other students may not have the knowledge or experience to provide substantial guidance in developing a career mission statement. It is often more beneficial to seek advice from professionals such as professors, career center staff, and internship supervisors who have expertise in the field one is interested in pursuing.

Question 19

Leon's resume indicates that he is a "CSI." That code is most directly associated with which career planning step?

Accepted Answer

The code "CSI" refers to Holland's Code, which is used to determine a person's strengths, aptitudes, and abilities in career planning.

Question 20

Obtaining an accounting certification is most closely associated with which step in the career planning process?

Accepted Answer

Obtaining an accounting certification enhances qualifications and skills, which is directly related to building a resume.

Quiz 16: Professional Certifications and Career Planning

Knowledge of the COSO frameworks discussed in the text would be important in: (i) the CMA exam, (ii) the CIA exam, (iii) the CISA exam.

A personal career mission statement is most closely associated with a corporation's:

While in college, Billy accepted a full-time, ten-week position as an accounts payable clerk in a small corporation. His action is most closely associated with:

Technical aspects of information technology, such as how to create normalized database tables, are least likely to be tested in the ___ exam.

Which of the following is the strongest career mission statement?

Detailed knowledge of the Sarbanes-Oxley Act of 2002 is least important for professionals certified as:

In a typical career search process, which of the following should occur first?

Which of the following topics is unique to the CISA exam?

Which step in the career planning process should be completed without consulting others: (i) determining strengths, aptitudes and abilities, (ii) creating a career mission statement.

Researching employment opportunities should start:

Which of the following best describes a major difference between the CMA and CFE exams?

CMA exam content: Fill in the blanks below according to the parts of the CMA exam. a. applications. b. Business . c. Management and . d. Strategic __.

Participating in practice interviews always assists directly in: (i) determining strengths, aptitudes and abilities, (ii) building a resume.

"I'm good at working with numbers" is an example of:

Visiting the campus career center can assist in which steps of the career search process: (i) building the resume, (ii) practicing interviewing skills, (iii) creating a career mission statement.

The career planning process discussed in the text includes five steps, one of which is building a resume; several other steps are listed below. Which one is least likely to provide material for the resume?

Which of the following is least likely to be helpful in developing a career mission statement?

Leon's resume indicates that he is a "CSI." That code is most directly associated with which career planning step?

Obtaining an accounting certification is most closely associated with which step in the career planning process?

Quiz 16: Professional Certifications and Career Planning

Knowledge of the COSO frameworks discussed in the text would be important in: (i) the CMA exam, (ii) the CIA exam, (iii) the CISA exam.

A personal career mission statement is most closely associated with a corporation's:

While in college, Billy accepted a full-time, ten-week position as an accounts payable clerk in a small corporation. His action is most closely associated with:

Technical aspects of information technology, such as how to create normalized database tables, are least likely to be tested in the ___ exam.

Which of the following is the strongest career mission statement?

Detailed knowledge of the Sarbanes-Oxley Act of 2002 is least important for professionals certified as:

In a typical career search process, which of the following should occur first?

Which of the following topics is unique to the CISA exam?

Which step in the career planning process should be completed without consulting others: (i) determining strengths, aptitudes and abilities, (ii) creating a career mission statement.

Researching employment opportunities should start:

Which of the following best describes a major difference between the CMA and CFE exams?

CMA exam content: Fill in the blanks below according to the parts of the CMA exam. a. ______ applications. b. Business ______. c. Management ______ and ______. d. Strategic ______.

Participating in practice interviews always assists directly in: (i) determining strengths, aptitudes and abilities, (ii) building a resume.

"I'm good at working with numbers" is an example of:

Visiting the campus career center can assist in which steps of the career search process: (i) building the resume, (ii) practicing interviewing skills, (iii) creating a career mission statement.

The career planning process discussed in the text includes five steps, one of which is building a resume; several other steps are listed below. Which one is least likely to provide material for the resume?

Which of the following is least likely to be helpful in developing a career mission statement?

Leon's resume indicates that he is a "CSI." That code is most directly associated with which career planning step?

Obtaining an accounting certification is most closely associated with which step in the career planning process?

CMA exam content: Fill in the blanks below according to the parts of the CMA exam. a. applications. b. Business . c. Management and . d. Strategic __.