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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
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

QUESTION NO: 5
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

SAP C_C4H47_2503 - 就好比我,平時不努力,老大徒傷悲。 Microsoft DP-203 - 那麼,你就有必要時常提升自己了。 Huawei H19-401_V1.0 - 因此,Royalholidayclubbed可以给大家提供更多的优秀的参考书,以满足大家的需要。 CompTIA PK0-005 - 快點來體驗一下吧。 Veeam VMCE_v12 - 如果不相信就先試用一下。

Updated: May 28, 2022

 

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