Professional Accountant

Professional Accountant

Professional Development

15 Qs

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Assessment

Quiz

Professional Development

Professional Development

Practice Problem

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Created by

Abbas Ali

Used 6+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Media Image

What did accountants at Sunway Berhad do regarding e-invoicing?

Ignored e-invoicing regulations

Ensured compliance and identified cost-saving opportunities

Changed the invoicing system without assessing risks

Did not involve in e-invoicing adoption

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following best demonstrates commercial awareness in an accounting context?

Preparing financial statements using historical cost

Applying international accounting standards to a new subsidiary

Use data analytics to find cost-saving opportunities in a recession

Recording transactions using double-entry bookkeeping

3.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following shows good professional skepticism when using technology?

Approving computer-made financial reports quickly to meet deadlines

Double-checking computer-made financial reports for errors before making decisions

Accepting the company’s future plans as long as they look reasonable

Using summaries from others without checking the details

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a potential problem with AI-generated reports?

AI reports are always accurate

AI never makes mistakes

AI may flag false positives, leading to unnecessary investigations

AI can always be trusted

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following shows good professional skepticism when using technology?

Approving computer-made financial reports quickly to meet deadlines

Double-checking computer-made financial reports for errors before making decisions

Accepting the company’s future plans as long as they look reasonable

Using summaries from others without checking the details

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Having professional skepticism means

Trusting computer results to save time

Asking questions and carefully checking financial information made by a computer

Making reports based only on past numbers

Making sure taxes are done correctly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How do accountants use communication skills to present data effectively?

By using only raw numbers

By writing long reports with no visuals

By hiding complex data from stakeholders

By transforming complex data into easy-to-understand charts

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