Which of the following is a key purpose of accounting?
TOPIC 1 (Part 1) ARFB123

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Professional Development
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University
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Easy
Shuhada Yaacob
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Forecasting future stock prices
Minimizing tax liabilities
Providing information for decision-making
Designing advertising campaigns
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How many types of financial reports?
Two
Three
Four
Six
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
All the reporting entities below are prepare financial reports and submit them to regulatory bodies, EXCEPT:
Sole proprioetership
Partnership
Company
Society
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the FISRT NAME of accounting standard in Malaysia?
Financial reporting standards (FRS)
Malaysian accounting standards (MAS)
Malaysian financial reporting standards (MFRS)
Malaysian private entities reporting standards (MPERS)
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which is the bodies below is regards as proffessional bodies
Bursa Malaysia
Companies Commission of Malaysia (CCM)
CPA Australia
Malaysian Accounting Standard board (MASB)
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a key reason for issuing accounting standards in Malaysia?
To increase tax revenue
To ensure consistency and transparency in financial reporting
To reduce the number of financial audits
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which act governs financial reporting requirements for companies in Malaysia?
Companies Act 2016
Financial Reporting Act 1997
Securities Commission Act 1993
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