Question 1

Management accounting reports are prepared:

Accepted Answer

A) based on GAAP and IASB accounting standards 
B) to provide information for a wide range of stakeholders 
C) to provide up to date information to managers for decision making 
D) based only on historical figures 
A) based on GAAP and IASB accounting standards 
B) to provide information for a wide range of stakeholders 
C) to provide up to date information to managers for decision making 
D) based only on historical figures

Question 2

AASB accounting standards are legally enforceable in Australia under:

Accepted Answer

A) the Trade Practices Act 1974 
B) the Income Tax Assessment Act 2007 
C) The Australian Constitution 
D) The Corporations Act 2001 
A) the Trade Practices Act 1974 
B) the Income Tax Assessment Act 2007 
C) The Australian Constitution 
D) The Corporations Act 2001

Question 3

Providing accounting reports to external users costs large organisations:

Accepted Answer

A) nothing,as all charges are reimbursed by the government. 
B) very little,as the reports are quite simple to produce. 
C) varying amounts depending on the year in question. 
D) a significant amount. 
A) nothing,as all charges are reimbursed by the government. 
B) very little,as the reports are quite simple to produce. 
C) varying amounts depending on the year in question. 
D) a significant amount.

Management accounting reports are prepared:

AASB accounting standards are legally enforceable in Australia under:

Providing accounting reports to external users costs large organisations:

Business Sustainability

Business Structures

Business Transactions

Balance Sheet

Income Statement and Statement of Changes in Equity

Statement of Cash Flows

Analysis and Interpretation of Financial Statements

Budgeting

Cost-Volume-Profit Analysis

Costing and Pricing in an Entity

Capital Investment

Financing the Business

Performance Measurement

Filters

Exam 1: Introduction to Accounting

Management accounting reports are prepared:

AASB accounting standards are legally enforceable in Australia under:

Providing accounting reports to external users costs large organisations:

Business Sustainability

Business Structures

Business Transactions

Balance Sheet

Income Statement and Statement of Changes in Equity

Statement of Cash Flows

Analysis and Interpretation of Financial Statements

Budgeting

Cost-Volume-Profit Analysis

Costing and Pricing in an Entity

Capital Investment

Financing the Business

Performance Measurement

Filters