This organization, which eventually became the IMA, was founded in Buffalo, NY in 1919
What is the National Association of Cost Accountants?
100
This bill was enacted in 2002 as a reaction to a number of major corporate and accounting scandals, including those at Enron and WorldCom
What is the Sarbanes–Oxley Act (SOX)?
100
The Balance Sheet is also known by this other name
What is Statement of Financial Position?
100
Abbreviated "ERP" this software is used to collect, store, manage, and interpret data
What is Enterprise Resource Planning?
200
Accounting entries involve a minimum of this many accounts
What is two?
200
This regional segment of the Global IMA organization is comprised of 12 chapters from WI, IL, and IN
What is the Mid-America Council?
200
Name a common preventative type of internal control
What is Separation/Segregation of Duties, Security of Assets, or Approval/Authorizations?
200
A firm's ability to pay noncurrent obligations and remain in business in the long run
What is Solvency?
200
These are software and services that run on the Internet instead of your computer
What is the "cloud"?
300
Represented by the acronym "GAAP"
What are "Generally Accepted Accounting Principles"?
300
CMAs know the number 30 is significant for this reason
What is the number of CPE hours required annually to maintain the CMA certification?
300
Name a common detective type of internal control
What is reconciliations, audits, physical inventories, or review of performance?
300
ROA, ROE and Profit Margins are these kinds of ratios
What are profitability ratios?
300
Easy as "1, 2, 3", this form of software is used for organization, analysis, and storage of data in tabular form
What is a spreadsheet?
400
Area of practice where CPAs provide services to clients on a contractual or engagement basis
What is public accounting
400
The first international chapter formed here in 1943
What is Cuba?
400
This type of audit opinion indicates the auditor feels the company followed all accounting rules appropriately and that the financial reports are an accurate representation of the company's financial condition
What is an unqualified opinion?
400
This financial statement may be presented in Condensed, Single Step or Multiple Step format
What is Statement of Earnings/Income Statement?
400
These statistical techniques analyze current and historical facts to make predictions about future or otherwise unknown events
What are predictive analytics?
500
Dr and Cr, the abbreviations for "debit" and "credit" originate from this language
What is Latin?
500
The IMA's award-winning industry magazine
What is Strategic Finance?
500
This committee developed a framework and guidance on enterprise risk management, internal control, and fraud deterrence
What is the Committee of Sponsoring Organizations of the Treadway Commission (COSO)?
500
The Financial Accounting Standards Board (FASB) was established this year
What is 1973?
500
A term for data sets that are so large or complex that traditional data processing applications are inadequate