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- 1. Multiple Choice
The purpose of Accounting is
to make sound decisions
to meet taxation requirements
to provide financial information and advice
to make money
- 2. Multiple Choice
Accounting is best described as:
recording, analysing, collecting, reporting and interpreting information
analysing, recording, collecting, interpreting and reporting information
interpreting, collecting, reporting, recording and analysing information
collecting, recording, reporting, analysing, and interpreting information
- 3. Multiple Choice
How many main types of Accountants exist
5
4
6
3
- 4. Multiple Choice
A public accountant is one who
are employed by one particular business as a private employee
works in academia, tertiary education or research
who are employed by the Government
works in busines for themselves
- 5. Multiple Choice
Which is not one of the main types of Accountant
public accountant
government accountant
tax accountant
private accountant
- 6. Multiple Choice
Accounting guarantees that the decision makers make the right decision
true
false
- 7. Multiple Choice
Good financial information will improve the chances of good decisions being made
False
True
- 8. Multiple Choice
Non financial information is best described as:
monetary figures expressed in accounting reports
Net Profit and Owner's equity
cash at bank levels
information not found in financial statements and is not expressed in dollars or cents
- 9. Multiple Choice
Users of accounting information need to think about how a decision will affect the finance of the business as well as the people and community with whom it is connected.
true
false
- 10. Multiple Choice
Ethical considerations is best described as:
looking after the environment
looking after the people
social and environmental consequences of a financial decision
the economic impact of the decision
- 11. Multiple Choice
Financial data refers to
an Income Statement
a Balance Sheet
a Cash Flow Statement
raw facts and figures
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