Organisations such as hospitals, clubs, charities, and local, state and ... Organisations such as hospitals, clubs, charities, and local, state and federal governments employ accountants with specialised knowledge in the area of: Select one: O a. accounting information systems. O b. cost accounting. O c. non-for-profit accounting. O d. insolvency and administration. CheckWhich of the following is not a physical means of internal control? Which of the following is not a physical means of internal control? Select one: O a. Manager Authorisation O b. Employee identification cards O c. Password protected access to buildings O d. Employment of security staff CheckWhich of the following ratios measure the adequacy of profits?1. Profit.... Which of the following ratios measure the adequacy of profits? 1. Profit compared to sales Il. Profit compared to equity Ill. Profit compared to total assets IV. Profit before interest and finance costs/ finance costs Select one: O a. I and ll only O b. I, Ill and IV O c. I, II and Ill only O d. ll and IV CheckWhich of the following is not a constraint of the ConceptualFramework's quali... Which of the following is not a constraint of the ConceptualFramework's qualitative characteristic of timeliness? Select one: O a. The frequency of the reporting period. O b. The longer the delay in publication of the financial reports after the end of the financial period, the less relevant the information for decision- making purposes. O c. Having information available in time to influence decisions. O d. Preparing financial reports for a 12-month period. CheckAccording to the ConceptualFramework faithful representation does not include... According to the ConceptualFramework faithful representation does not include which of the following? Select one: O a. Completeness O b. Freedom from material errors O c. Neutrality O d. Verifiability CheckThe recording or recording-keeping process involves measuring and recording . . . The recording or recording-keeping process involves measuring and recording business Select one: O a. transactions. O b. contracts. O c. agreements. O d. deals. CheckHow many of the following decisions would be made by internal as opposed to How many of the following decisions would be made by internal as opposed to external decision makers: resource requirements for production, product pricing, cash management, and monitoring compliance with environmental regulators? Select one: Oa. 2 O b. 4 O c. 3 O d. 1 CheckThe limitations of internal control systems include: The limitations of internal control systems include: Select one: O a. absolute assurance for safeguarding against customer O b. cost of implementation. O c. all of these options. O d. employee indifference to correct procedures. CheckReduction in processing costs is an advantage/disadvantage of: Reduction in processing costs is an advantage/disadvantage of: Select one: O a. disadvantage of computerised accounting systems. O b. disadvantage of manual accounting systems. O c. advantage of manual accounting systems. O d. advantage of computerised accounting systems. CheckWhich statement relating to the ConceptualFramework's concept of ... Which statement relating to the ConceptualFramework's concept of understandability is incorrect? Select one: O a. Information about complex matters should be included in the reports if it is considered relevant to decision making. O b. The financial reports are required to be simple to read and understand. O c. It is expected that users of financial statements will be willing to study the information with reasonable diligence. O d. It is assumed that readers of financial reports have a reasonable knowledge of business and economic activities. Check
