Eddy Gunn is a management accountant.Which of following is most likely to be Eddy's responsibility?
A) Providing an environmental assurance report for his company's shareholders
B) Compiling the company tax return
C) Ensuring that the internal accounting system is compliant with generally accepted accounting standards
D) Developing a production cost report for each of the company's three production lines

Question

Quizplus · Accepted Answer

As a management accountant, one of Eddy's main responsibilities would be to provide management with relevant financial information to help them make informed decisions. Developing a production cost report for each of the company's three production lines would be a task that helps management understand the cost structure of their products and make adjustments as necessary to improve profitability. Providing an environmental assurance report (A) would typically fall under the purview of an environmental auditor or specialist. Compiling the company tax return (B) would typically be the responsibility of a tax accountant. Ensuring that the internal accounting system is compliant with generally accepted accounting standards (C) would typically fall under the responsibilities of a financial accountant or controller.

Eddy Gunn Is a Management Accountant