accounting 1.1

accounting 1.1

University

8 Qs

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accounting 1.1

accounting 1.1

Assessment

Quiz

Fun

University

Medium

Created by

Nurul Irdina

Used 2+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

What process in management accounting?

indentifying

analysing

presenting managerial accounting

recording

2.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

What's the correct answer for Primary Users of Reports

Fainancial Accounting - internal users such as officers

Managerial Accounting - external users such as managers of the business

Financial Accounting - external users such as stockholders

Managerial Accounting - internal users such as suppliers

Financial Accounting - external users such as stockholders

Managerial Accounting - internal users such as officers and managers of the business

3.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Types and frequency of reports Managerial Accounting

Internal reports such as cost- volume-profit analysis

As frequently as needed by the management

statement of changes in equity

Quarterly and annually

4.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Types and Frequency of Reports Financial accounting

Financial statements include statement of profit or loss

Quarterly and annually

Financial statements such as budgets

Internal reports such as Cost-Volume-Profit

5.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

What is the coreect pair for Purposes of Reports

Financial Accounting- (General-purpose), Managerial Accounting- ( Special-purpose) for specific decisions

Financial Accounting- ( Special-purpose), Managerial Accounting- ( General-purpose)

Financial Accounting- ( General- purpose), Managerial Accounting- ( Special-purpose)

6.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Content of reports for Financial Accounting

pertains to subunits of the business

required to follow MFRS

not required to follow MFRS

pertains to business as a whole

7.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Contents of Reports for Managerial Accounting

pertains to subunits of the business

required to follow MFRS

pertains to business as a whole

not required to follow MFRS

8.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Financial Accounting and Managerial Accounting for verification of reports

required to be published

audited by statutory auditors

neither published

nor audited by statutory auditors

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