41-50

In a very large company, managing the total level of working capital would probably be the responsibility of the

• Finance director

• Chief accountant

• Treasurer

• Management accountant

Joseph has just started his first job in an accountancy department. A qualified senior member of staff explains to him what the main aim of accounting is. Which of the following options is the correct aim of accounting?

• To maintain ledger accounts for every asset and liability.

• To provide financial information to users of such information.

• To produce a trial balance.

• To record every financial transaction individually.

There is no legal requirement for companies to have a management accounting function. Is this statement TRUE or FALSE?

• true

• false

Which of the following is NOT true about Schein cultural theory?

• There exists a little influence on organization culture by who leads the organization.

• If leaders are to lead, then it is essential that they understand the levels of organizational culture.

• Schein's cultural theory is sometimes represented as the Iceberg concept.

• Espoused values are the strategies and goals of an organization, including company slogan.

Which of the following is NOT an element of fiscal policy?

• Government spending

• Government borrowing

• Taxation

• Exchange rates