
LJJ INAC 2
Authored by L J Jecketts
Business
Professional Development
Used 1+ times

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10 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the acronym that is useful for remembering the types of internal control?
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is meant by 'Stewardship' and why is it important?
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3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not part of the regulatory framework governing the preparation of financial statements?
Companies Act 2006
GAAP
International Financial Reporting Standards
Health & Safety at Work Act 1974
4.
MATCH QUESTION
2 mins • 5 pts
Match the following users of accounts to their needs
Ensure repay capital and service loan
Empolyees
Sustainability/
ethical responsibilities
Existing and potential lenders
Job security and conditions
Public
Future performance and return
Existing and potential investors
Statistics & Tax
Government agencies
5.
OPEN ENDED QUESTION
5 mins • 4 pts
Pick any 4 from the 8 types of internal control and explain their function
Evaluate responses using AI:
OFF
6.
WORD CLOUD QUESTION
2 mins • Ungraded
What are the Enhancing Qualitive Characteristics?
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which fundamental qualitative characteristic means that the financial statements will provide information that is pertinent to any decisions made by users
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