Question 1

Under Statement of Financial Accounting Concepts No.8,confirmatory value is an ingredient of the primary quality of Relevance Faithful representation

Accepted Answer

A) No No 
B) No Yes 
C) Yes Yes 
D) Yes .No 
A) No No 
B) No Yes 
C) Yes Yes 
D) Yes .No

Question 2

Discuss the contributions of the works by Sanders Hatfield and More,and Paton and Littleton to accounting theory.

Accepted Answer

In 1938,the American Institute of Accoun

Question 3

Which of the following organizations published the monograph titled A Tentative Statement of Accounting Principles Affecting Annual Corporate Reports

Accepted Answer

A) SEC 
B) AAA 
C) AIA 
D) NAA 
A) SEC 
B) AAA 
C) AIA 
D) NAA

Question 4

What is the purpose of Emerging Issues Task Force?

Accepted Answer

A) Provide interpretation of existing standards. 
B) Provide a consensus on how to account for new and unusual financial transactions. 
C) Provide interpretive guidance. 
D) Provide timely guidance on select issues 
A) Provide interpretation of existing standards. 
B) Provide a consensus on how to account for new and unusual financial transactions. 
C) Provide interpretive guidance. 
D) Provide timely guidance on select issues

Question 5

Which of the following economists most influenced the views of DR Scott?

Accepted Answer

A) Thorstein Veblen 
B) John Hicks 
C) Karl Marx 
D) John Smith 
A) Thorstein Veblen 
B) John Hicks 
C) Karl Marx 
D) John Smith

Question 6

What is the objective of financial reporting?

Accepted Answer

A) Provide information that is useful to management in making decisions. 
B) Provide information that clearly portrays nonfinancial transactions. 
C) Provide information about the reporting entity that is useful to present and potential equity investors,lenders,and other creditors. 
D) Provide information that excludes claims to the resources. 
A) Provide information that is useful to management in making decisions. 
B) Provide information that clearly portrays nonfinancial transactions. 
C) Provide information about the reporting entity that is useful to present and potential equity investors,lenders,and other creditors. 
D) Provide information that excludes claims to the resources.

Question 7

What two approaches to present value were discussed in SFAS No.7?

Accepted Answer

The two approaches to present value were

Question 8

Under Statement of Financial Accounting Concepts No.8,which of the following is an ingredient of the primary quality of relevance?

Accepted Answer

A) Neutrality 
B) Completeness 
C) Understandability 
D) Verifiability 
A) Neutrality 
B) Completeness 
C) Understandability 
D) Verifiability

Question 9

Which of the following is not one of DR Scott's hierarchy of accounting postulates and principles?

Accepted Answer

A) Orientation postulate. 
B) The principles of truth and fairness. 
C) The materiality principle 
D) The principles of adaptability and consistency. 
A) Orientation postulate. 
B) The principles of truth and fairness. 
C) The materiality principle 
D) The principles of adaptability and consistency.

Under Statement of Financial Accounting Concepts No.8,confirmatory value is an ingredient of the primary quality of Relevance Faithful representation

Discuss the contributions of the works by Sanders Hatfield and More,and Paton and Littleton to accounting theory.

Which of the following organizations published the monograph titled A Tentative Statement of Accounting Principles Affecting Annual Corporate Reports

What is the purpose of Emerging Issues Task Force?

Which of the following economists most influenced the views of DR Scott?

What is the objective of financial reporting?

What two approaches to present value were discussed in SFAS No.7?

Under Statement of Financial Accounting Concepts No.8,which of the following is an ingredient of the primary quality of relevance?

Which of the following is not one of DR Scott's hierarchy of accounting postulates and principles?

The Development of Accounting Theory

International Accounting

Research Methodology and Theories on the Uses of Accounting Information

Income Concepts

Financial Statement I: the Income Statement

Financial Statements Ii: the Balance Sheet and the Statement of Cash Flows

Working Capital

Long-Term Assets I: Property, Plant, and Equipment

Long-Term Assets Ii: Investments and Intangibles

Long-Term Liabilities

Accounting for Income Taxes

Leases

Pensions and Other Postretirement Benefits

Equity

Accounting for Multiple Entities

Financial Reporting Disclosure Requirement and Ethical Responsibilities

Filters

Exam 2: The Pursuit of the Conceptual Framework

Under Statement of Financial Accounting Concepts No.8,confirmatory value is an ingredient of the primary quality of Relevance Faithful representation

Discuss the contributions of the works by Sanders Hatfield and More,and Paton and Littleton to accounting theory.

Which of the following organizations published the monograph titled A Tentative Statement of Accounting Principles Affecting Annual Corporate Reports

What is the purpose of Emerging Issues Task Force?

Which of the following economists most influenced the views of DR Scott?

What is the objective of financial reporting?

What two approaches to present value were discussed in SFAS No.7?

Under Statement of Financial Accounting Concepts No.8,which of the following is an ingredient of the primary quality of relevance?

Which of the following is not one of DR Scott's hierarchy of accounting postulates and principles?

The Development of Accounting Theory

International Accounting

Research Methodology and Theories on the Uses of Accounting Information

Income Concepts

Financial Statement I: the Income Statement

Financial Statements Ii: the Balance Sheet and the Statement of Cash Flows

Working Capital

Long-Term Assets I: Property, Plant, and Equipment

Long-Term Assets Ii: Investments and Intangibles

Long-Term Liabilities

Accounting for Income Taxes

Leases

Pensions and Other Postretirement Benefits

Equity

Accounting for Multiple Entities

Financial Reporting Disclosure Requirement and Ethical Responsibilities

Filters