In a very large company managing the total level of working capital would probably be the responsibility of the:
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Trúc Thanh
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Finance director
Chief accountant
Treasurer
Management accountant
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2 Financial accountants usually produce information for the organisation’s external stakeholders. Is this statement TRUE or FALSE?
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Internal check is defined as:
(1) ensuring that no single task is executed from start to finish by only one person.
(2) providing reasonable assurance about the achievement of the organisation’s objectives.
Which of these options is/are correct?
1 only
2 only
2 only
Neither
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3 There is no legal requirement for companies to have a management accounting function. Is this statement TRUE or FALSE?
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A is a small owner‐managed company employing 20 staff and having a revenue of 300,000 Euro a year. It decided not to appoint external auditors to review its financial statement. Such a decision:
is in line with the requirements of current legislations
will be criticised by governmental authorities
will allow the company to strengthen its financial controls
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would be classed as a book of prime entry?
Bank statement
Trial balance
The journal
Statement of profit or loss
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gabriella is considering creating a financial accounting department within her business, but is unsure of what such a department would actually do. Which of the following would usually be prepared by a financial accounting department?
Cost schedules
Statement of cash flows
Variance analysis
Tax calculations
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