LJJ INAC 2

LJJ INAC 2

Professional Development

10 Qs

quiz-placeholder

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LJJ INAC 2

LJJ INAC 2

Assessment

Quiz

Business

Professional Development

Easy

Created by

L J Jecketts

Used 1+ times

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10 questions

Show all answers

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?

Evaluate responses using AI:

OFF

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

Job security and conditions

Public

Statistics & Tax

Government agencies

Ensure repay capital and service loan

Existing and potential investors

Sustainability/

ethical responsibilities

Existing and potential lenders

Future performance and return

Empolyees

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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