The Accountancy Profession

The Accountancy Profession

Assessment

Assessment

Created by

John Servidad

Business

University

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9 questions

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1.

Multiple Choice

30 sec

1 pt

What is the law regulating the practice of accountancy in the Philippines?

R.A. NO. 9298

R.A. NO. 9198

R.A. NO. 9928

R.A. NO. 9892

2.

Multiple Choice

30 sec

1 pt

It is the body authorized by law to promulgate rules and regulations affecting the practice of the accountancy profession in the Philippines.

Board of Accountancy

Philippine Institute of Certified Public Accountancy

Securities and Exchange Commission

Financial Reporting Standards Council

3.

Multiple Choice

30 sec

1 pt

What are the three main areas in the practice of the accountancy profession?

Public accounting, private accounting and managerial accounting

Auditing, taxation and managerial accounting

Financial accounting, managerial accounting and corporate accounting

Public accounting, private accounting and government accounting

4.

Multiple Choice

30 sec

1 pt

What is the primary service of CPAs in public practice?

Auditing

Taxation

Managerial Accounting

Controllership

5.

Multiple Choice

30 sec

1 pt

It is the are of the accountancy profession that encompasses the process of analyzing, classifying, summarizing and communicating all transactions involving the receipt and disposition of government funds and property and interpreting the results thereof

Internal auditing

External auditing

Private accounting

Government accounting

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