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Financial-Accounting-and-Reporting PDF DEMO:

QUESTION NO: 1
Which one of the following bodies makes accounting standards in Australia?
A. AASB
B. FRC
C. IASB
D. ASIC
Answer: A

QUESTION NO: 2
The International Accounting Standards Board's Conceptual Framework for Financial Reporting for the preparation and presentation of financial statements is concerned with the information needs of most users, but not for each possible user.
Which one of the following stakeholders would not be one of the users that the Conceptual
Framework is concerned about?
A. governments and regulatory bodies
B. members of the public who have small investment holdings in the company
C. a company's executive management
D. potential investors in the company
Answer: C

QUESTION NO: 3
Which one of the following practices is not considered creative accounting?
A. trading in derivatives
B. profit smoothing
C. aggressive earnings management
D. window dressing
Answer: A

QUESTION NO: 4
You assumed the role as the Chairperson of the Board of Directors of Daylight Ltd. As you start to write your first directors' report, which one of the following areas are you not required to include in your report?
A. Details of any dividends paid or proposed.
B. Details regarding accounting policies pursued by Daylight in preparation of its financial statements.
C. Details regarding any significant changes to Daylight's state of affairs for the year that just ended.
D. Review of operations of Daylight during the year just ended and any likely developments in the future that may impact Daylight.
Answer: B

QUESTION NO: 5
Which one of these is a key principle of good corporate governance?
A. non-disclosure of directors' agency relationship with the company
B. effective management of the employees of the company
C. restriction of shareholders' rights in decision-making
D. effective communication with shareholders
Answer: D

通過CPA Australia Esri EAEP2201認證考試可以給你帶來很多改變。 有很多途徑可以幫你通過CPA Australia Microsoft MS-102-KR 認證考試的,選擇好的途徑也就是選擇了好的保障。 要想一次性通過CPA Australia Microsoft SC-300-KR 認證考試您必須得有一個好的準備和一個完整的知識結構。 如果你有了CPA Australia PMI PMI-200 認證證書,你的職業水準就超出很大部分人,你就可以獲得很大職位晉升機會。 CPA Australia CIPS L4M5 認證考試是一個很好的證明自己能力的考試。

Updated: May 28, 2022

 

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