Professional Accountant

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

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

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

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

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

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

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

What is one good way to show strong communication skills as an accountant?

• Making financial reports more difficult so only experts understand them

• Talking only to your accounting team about important numbers

• Using long technical words to explain business ideas

• Using charts or visuals to help others understand financial data more easily

Why is good communication important when sharing financial data?

• It helps confuse competitors

• It helps different people quickly understand and make smart decisions

• . It reduces the need to review the financial data again

• It allows accountants to avoid mistakes in calculations

What is the primary objective of analysis in a business or accounting context?

• To estimate future events based on intuition

• To interpret data and identify trends, problems, or opportunities for better decision-making

• To enforce strict rules without flexibility

• To design promotional campaigns for marketing purposes