Question C Association questions: Match up the first column item to the concept in the final column by inserting the number of the correct matching concept in the blank column. (15 total marks, 1 mark for each answer)

Item to consider:	Match Association to Item by inserting the correct # below beside the Item		#	Association: Match Concepts/Comments below to the best related Item (Random order below) Place the matching Association number beside the Item
Financial Accounting			1	Selects alternatives to achieve objectives
Regulatory Accounting Rules			2	Is mostly future oriented
Strategy			3	Is the ethical obligation of accountants responsible for financial information provided to decision makers
Professional Ethics			4	Are necessary to covert direct material to finished goods
Cost-Benefit Approach			5	Are required for external reporting (e.g., GAAP or IFRS)
Objectives			6	Specifies how an entity accomplishes its objectives by matching capabilities with opportunities
Planning			7	Means that operating management can use internal measures that are not GAAP
Corporate Governance			8	Is a product, machine, service, or process for which cost information is accumulated
Controlling			9	Is mostly historical / past oriented
Management Accounting			10	Means the accountant must focus on the Triple Bottom-line: profit, people, planet
Corporate Social Responsibility			11	Are direct manufacturing costs
Subjective Analysis			12	Are important for business success
Cost Object			13	Allows management to get feedback for possible corrective actions
Conversion Costs			14	Helps ensure legal compliance and fiduciary responsibilities are met
Prime Costs			15	Means benefits from resources should exceed the cost of those resources