Professional Documents
Culture Documents
1-2 1-2
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not beMay
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9. Cost management has the role of providing 13. Yes. As management accountants become
information to help identify opportunities for more informed about what behavior is ac-
improvement and also provides an evalua- ceptable and what is not, support should in-
tion of the progress made in implementing the crease for ethical behavior. The code also
actions designed to create improvement. recommends solutions to ethical dilemmas
that might not have been obvious to the
10. Performance reports compare actual costs practicing management accountant.
and revenues with planned costs and reve-
nues and thus provide signals to managers 14. The three forms of certification are the CMA,
that allow them to take corrective actions. the CPA, and the CIA certificates. Although
each certification can prove to be valuable
11. Business ethics is concerned with making for management accountants, the CMA des-
the right choices and usually involves sacri- ignation is tailored to fit the needs of man-
ficing individual self-interest for the well- agement accountants. The CPA designation
being of others. It is possible to teach ethical has a public accounting orientation, and the
behavior in virtually any course. By intro- CIA designation has an internal auditing
ducing ethical dilemmas in management ac- orientation. Only the CMA designation spe-
counting, students can become aware of the cifically addresses the professional require-
behavior that is expected in the business ments of a management accountant.
world and, in particular, for management ac-
countants. 15. The two parts are (1) financial planning and
control; (2) financial decision making. The
12. Yes. There is some evidence that ethical parts reveal the emphasis on managerial
behavior actually is good business. It im- use of accounting information and imply the
proves society, helps align individual goals interdisciplinary nature of management
with firm goals, enhances a firm’s public im- accounting.
age, and even seems to be related to better
financial performance. The market and con-
sumers appreciate ethical behavior and are
willing to reward those who adopt it.
1-3 1-3
© 2013 Cengage
© 2013Learning.
CengageAll
Learning.
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All RightsMay
Reserved.
not beMay
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or duplicated,
copied or duplicated,
or posted toora posted
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in website,
whole orininwhole
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EXERCISES
Exercise 1.1
a. FS g. CMS
b. FS h. FS
c. CMS i. CMS
d. CMS j. CMS
e. FS k. FS
f. CMS l. FS
Exercise 1.2
1-4 1-4
© 2013 Cengage
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Exercise 1.3
1-5 1-5
© 2013 Cengage
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Learning.
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"The idea of mother SPOILING anybody!" said Dr. John, with incredulous
voice and laughing eyes.
Then she went about the pretty task of straightening the books and papers,
and restoring the sitting-room to its yesterday's freshness.
"I am glad mothers don't spoil their children," her mother said, satisfaction in
her voice, as she watched Louise moving among the disordered elements,
bringing order out of confusion.
"I didn't spoil her, did I, Lewis? What a lovely home you have had here all
these years! I am glad you have demonstrated the folly of the saying that no
house is large enough for two families. How could anything be better than the
arrangement which you have here? Mrs. Morgan was telling me this morning
that when you talked for a time of going to housekeeping it almost made her
sick. I'm very glad you didn't. Little John gives Louise care enough without the
responsibilities of housekeeping; though your mother says, Lewis, that she
takes a great deal of care from her. I think she has rather an exaggerated
opinion of you, Louise; perhaps she is trying to spoil you."
"She is a remarkable little woman, you will have to admit," Lewis said, in a
half-laughing tone, but regarding his wife with eyes in which she saw
earnestness and tender feeling. "I am glad you brought her up so well,
mother; there are not many who would have succeeded with the problem of
two families in one house as she has done."
"Yes," said the mother emphatically; "and then there is another thing to be
taken into consideration. She had unusual surroundings. Anybody can see
that your mother is an unusual woman. Probably Louise's experience has
been exceptional. I really believe at heart that there are not many houses
large enough for two families. I trembled for Louise. I used to watch every
letter critically for signs of failure. You see I did not know your father and
mother. I did not feel so anxious about the father; they always get along well
with daughters-in-law if the mothers do. But I worried a good deal,
unnecessarily I can see now. Still it is, after all, an exceptional case. Don't you
think so?"
Lewis turned slowly round from the mantel against which he had been leaning
and regarded his wife with a curious look—eyes that were brimming with a
mischievous light, and yet had behind the light a suggestion even of tears. His
voice, when he spoke, had also that curious hint of pent-up feeling.
"Yes, it is an exceptional case. Very few daughters-in-law have such
experiences. I do consider my mother an unusual woman, and my wife an
unusual wife. And I tell you in all honesty, mother, that we of the Morgan family
thank God every day of our lives for the vine from your branch that was
grafted into ours."
THE END.
*** END OF THE PROJECT GUTENBERG EBOOK A NEW GRAFT
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