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Rechnungswesen(Englisch) (Subject) / Multiplechoice Fragen (Lesson)
This lesson was created by HaruCooke.
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- Which one of the following describes the correct sequence of stages of an accounting information system? A: Information B: Information C: Information D: Information recording reocording identification identification Information Information Information Information identification identification recording recording Information Information Information Information analysis reporting analysis reporting Information Information Information Information reporting analysis reporting analysis Antwort: C
- One purpose of accounting information is to help certain users assess how effectively the managers are running the business and to make judgements about likely levels of risk and return in the future. Which one of the following user groups is most likely to use accounting information for this purpose? Government Employees Owners Community representatives Antwort: Owner
- Which one of the following is not considered to be a key qualitative characteristic of accounting? Understandability Comparability Timeliness Materiality Antwort: Timeliness
- Consider the following statements: ⦁ Management accounting reports are always specific-purpose reports and never general-purpose reports ⦁ Management accounting reports are subject to regulations imposed by the accounting profession What is the validity of each statement? Statement 1 2 A True True B True True C False True D False False Antwort: DBoth statements are false. Management accounting reports can be both general-purpose and specific-purpose reports. They are not subject to regulation by the accounting profession.
- The generally accepted major financial objective of a business is assumed to be: Enhancement/maximisation of the wealth of the owners Maximisation of profit Maximisation of sales revenue Maximisation of return on capital employed Antwort:Enhancement/maximisation of the wealth of the owners
- One purpose of accounting information is to help certain users make decisions and plans for the business and to exercise control so that the plans come to fruition. Which one of the following user groups is most likely to use accounting information for this purpose? Community representatives Owners Managers Employees Antwort: Managers
- The study of business investment and financing decisions is known as: Management systems Financial accounting Finance Management accounting Antwort: Finance
- Accounting exists to help people make better __________. citizens decisions profits businesses Antwort: decisions
- __________ is concerned with the collection, analysis and communication of economic information. Finance Accounting Management Buisness Antwort: Accounting
- The two broad classes of accounting are management accounting and __________ accounting. company business commercial financial financial
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- The process of ensuring that planned events actually occur is known as __________. management control accounting planning Antwort:control
- The generally accepted __________ of businesses is to maximise the wealth of the owners. description strength objective principle Antwort:objective
- Deciding whether to produce an item of accounting information is a question of balancing the __________ against the cost. benefit revenue profit money Antwort:benefit
- There are five key qualitative characteristics of accounting; these are relevance, reliability, comparability, __________ and materiality. timeliness objectivity accuracy understandability Antwort:understandability
- Accounting can be seen as part of the total __________ system of the business. computer financial commercial information Antwort: information
- __________ is concerned with financing and investment activities of the business. Budgeting Accounting Control Finance Finance
- Accounting seeks to meet the __________ of various users. regulations ambitions needs representatives Antwort:need