accounting 1.1

accounting 1.1

University

8 Qs

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accounting 1.1

accounting 1.1

Assessment

Quiz

Life Skills

University

Medium

Created by

Nurul Irdina

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

What process in management accounting?

identifying

analysing

presenting managerial accounting

recording

2.

MULTIPLE CHOICE QUESTION

2 mins • 3 pts

What's the correct answer for Primary Users of Reports

Financial Accounting- Internal users such as officers

Managerial Accounting - external users such as managers of business

Financial Accounting- external users such as creditors

Managerial Accounting- such as stockholders

Financial Accounting- external users such as suppliers

Managerial Accounting- internal users such as officers

3.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Types and Frequency of Reports Managerial Accounting

Statement of changes in equity

As frequently as needed by the management

Cash Analysis Reports

4.

MULTIPLE SELECT QUESTION

2 mins • 3 pts

Types and Frequency of Reports Financial Accounting

Statement of Changes in Equity

Quarterly and Annually

Cash Analysis Reports

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

What is the correct pair for Purpose of Reports

Financial Accounting- General Purpose

Managerial Accounting- Special Purpose

Financial Accounting-Special Purpose

Managerial Accounting- General Purpose

Financial Accounting- General Purpose

Managerial Accounting- Special Purpose for specific decisions

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Contents of Reports for Financial Accounting

Pertains to business as a whole ,Required to follow MFRS

Pertains to subunits of the business, Not required to follow MFRS

Pertains to business as a whole ,Not required to follow MFRS

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Contents of Reports for Managerial Accounting

Pertains to business as a whole, Required to follow MFRS

Pertains to subunits of the business, Not required to follow MFRS

Pertains to business as a whole, Not required to follow MFRS

8.

MULTIPLE SELECT QUESTION

45 sec • 3 pts

Financial Accounting and Managerial Accounting for Verification of Reports

Required to be published

Audited by statutory auditors

Neither Published

Nor audited by statutory auditors