Description : Which of the following is true about management accounting? (i) Management accounting is associated with presentation of accounting data. (ii) Management accounting is extremely sensitive to investors needs. A. Only (i) B. Only (ii) C. Both (i) and (ii) D. None of the above
Last Answer : A. Only (i)
Description : The management accounting can be stated an extension of (i) Cost Accounting (ii) Financial Accounting (iii) Responsibility Accounting A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iii) D. (i), (ii), (iii)
Last Answer : D. (i), (ii), (iii)
Description : Management accounting is related with (i) The problem of choice making (ii) Recording of transactions (iii) Cause and effect relationships A. (i) and (ii) B. (ii) and (iii) C. (i) and (iii) D. All are false
Last Answer : C. (i) and (iii)
Description : Which of the following are tools of management accounting? (i) Decision accounting (ii) Standard costing (iii) Budgetary control (iv) Human Resources Accounting A. (i), (ii) and (iii) B. (i), (iii) and (iv) C. (i),(ii) and (iii) D. (i), (ii), (iii), (iv)
Last Answer : C. (i),(ii) and (iii)
Description : Management accounting assists the management A. Only in control B. Only in direction C. Only in planning D. In planning, direction and control
Last Answer : D. In planning, direction and contro
Description : Management accounting deals with A. Quantitative information B. Qualitative information C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : ________ Accounting becomes a source of information for Management Accounting. A. Financial B. Cost C. Both (A) and (B) D. None of the above
Last Answer : A. Financial
Description : Cost accounting mainly helps the management in: A. Earning extra profits B. Providing information to the management for decision-making. C. Fixing process of the products. D. Selling products
Last Answer : B. Providing information to the management for decision-making.
Description : Management accounting provides invaluable services to management in performing: A. All management functions B. Coordination functions C. Controlling functions D. Directing function
Last Answer : A. All management functions
Description : Management accounting involves A. Preparation of financial statements B. Analysis and interpretation of data C. Recording of transactions D. None of the above
Last Answer : B. Analysis and interpretation of data
Description : The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above
Last Answer : C. assist the management in performing its functions effectively
Description : Who coined the concept of management accounting? A. R.N Anthony B. James H. Bliss C. J. Batty D. American Accounting Association
Last Answer : B. James H. Bliss
Description : Management accountancy is a structure for A. Costing B. Accounting C. Decision maki
Last Answer : C. Decision maki
Description : The use of management accounting is A. Optional B. Compulsory C. Legally obligatory D. Compulsory to some and optional to others
Last Answer : A. Optional
Description : The term management accounting was first coined in A. 1960 B. 1950 C. 1945 D. 1955
Last Answer : B. 1950
Description : Which of the following is most likely to be an overall response to fraud risks identified in an audit? a. Only use certified public accountants on the engagement b. Place increased emphasis on the ... the audit team less closely and rely more upon judgment. d. Use less predictable audit procedures.
Last Answer : Use less predictable audit procedures.
Description : Which of the following is most likely to be an overall response to fraud risks identified in an audit? a. Supervise members of the audit team less closely and rely more upon ... engagement. d. Place increased emphasis on the audit of objective transactions rather than subjective transactions.
Description : Which of the following is most likely to be an overall response to fraud risks identified in an audit? a. Supervise members of the audit team less closely and rely more upon ... the audit of objective transactions rather than subjective transactions. d. Use less predictable audit procedures.
Description : Intensity of sound has - (1) an object existence (2) a subject existence (3) no existence (4) both subjective and objective existence
Last Answer : (1) an object existence Explanation: Intensity of sound has an object existence. Sound intensity is defined as the sound power per unit area.
Description : Regarding the Batman movie massacre: What is behind the obvious and all too frequent disconnect between the objective truth, and the shameless and subjective desire to manufacture truth?
Last Answer : I have to admit that I didn't see any of the news coverage until I got home at 6, but none of the news programs I've watched have said any of the things you stated above. They have all ... what has happened, in the order they know of it happening and interviewing the people that were in the theater.
Description : Are the concepts of "right" and "wrong" subjective or objective?
Last Answer : The only absolutes come from assuming or agreeing with an invented (including religious) moral context.
Description : Is the word us a objective or subjective pronoun?
Last Answer : It is a objective
Description : A dilemma is ________ when disjunctive minor premise denies the consequents of the major premise A) constructive B) destructive C) subjective D) objective
Last Answer : B) destructive
Description : A dilemma is ________ when disjunctive minor premise affirms the antecedents of the major premise A) constructive B) destructive C) objective D) subjective.
Last Answer : A) constructive
Description : In Epistemology, the following problem can be solved Options: A) What is known to the brain beyond the knowledge of its own ideas B) How do the knowledge 'becomes objective as well as subjective simultaneously C) What is the criteria of judgement of Truth and False D) All the above are correct
Last Answer : D) All the above are correct
Description : Which one of the following statements is correct in the context of multiple - choice type questions? (A) They are more objective than true-false type questions. (B) They are less objective ... than short-answer type questions. (D) They are more subjective than true-false type questions.
Last Answer : (A) They are more objective than true-false type questions.
Description : Which statement is true? 1) The balance of payments depends on the principle of double-entry accounting. 2) Decrease in assets and increase in liabilities of net worth represent credits or sources of funds. 3) The balance of ... period of time. A. Only 1 B. Only 2 C. Only 3 D. 1, 2 and 3
Last Answer : D. 1, 2 and 3
Description : In responsibility cost accounting the costs in focus are A. Controllable costs B. Uncontrollable costs C. Both a and b D. None of the above
Last Answer : A. Controllable costs
Description : Cash Flow Statement is also known as A. Statement of Changes in Financial Position on Cash basis B. Statement accounting for variation in cash C. Both a and b D. None of the above
Description : Which of the following is not included under World Bank objective? A. Reconstruction and Economic Development B. Encouragement to Capital Investment C. Balance Development D. Delayed Implementation
Last Answer : D. Delayed Implementation
Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions
Last Answer : D. Capital account transactions
Last Answer : D. Capital account transaction
Description : Profit for the objective of calculating a ratio may be taken as A. Profit before tax but after interest B. Profit before interest and tax C. Profit after interest and tax D. All of the above
Last Answer : D. All of the above
Description : Which of the following is NOT considered to be an objective associated with the use of sales promotions? A. Change buyer attitudes B. Increase volume of individual purchases C. Prompt buyers into trial purchase D. Product improvement
Last Answer : A. Change buyer attitudes
Description : Method of managing advertising budget at level company can have money for is classified as A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : B. affordable method
Description : Method of managing promotional budget to match outlays of competitors is called A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : C. competitive parity method
Description : Method of managing advertising budget at a certain percentage of sales price per unit or forecasted sales of products is classified as A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : A. percentage of sales method
Description : Method of managing promotion budget by defining objectives, determining tasks to achieve objectives and estimating costs for activities is called A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : D. objective and task method
Description : In market-penetration pricing, the company's objective is to ________, believing that higher sales volume will lead to lower unit costs and higher long-run profits. A. Block competitive launches B. ... their market share C. Minimize their market share D. Maximize volume E. None of the above
Last Answer : B. Maximize their market share
Description : The Balance of Payment is an _________ system. A. Accounting B. Social C. Environmental D. Tourist
Last Answer : A. Accounting
Description : GDP is the money value of final goods and serviced produced in the………….of a country during an accounting year A. Domestic territory B. Political territory C. Specific area D. FTZ area
Last Answer : A. Domestic territory
Description : Which of the following statements are true about responsibility accounting? A. Responsibility accounting results in inter-departmental conflicts B. In responsibility center more focus is paid on products, processes or jobs C. No focus is paid on controlling costs D. None of the above
Last Answer : A. Responsibility accounting results in inter-departmental conflicts
Description : When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as A. Accounting ratio B. Financial ratio C. Costing ratio D. None of the above
Last Answer : A. Accounting ratio
Description : As per Accounting Standard-3, Cash Flow is classified into A. Operating activities and investing activities B. Investing activities and financing activities C. Operating activities and financing activities D. Operating activities, financing activities and investing activities
Last Answer : D. Operating activities, financing activities and investing activities
Description : Cash Flow Statement is based upon A. Cash basis of accounting B. Accrual basis of accounting C. Credit basis of accounting D. None of the above
Last Answer : A. Cash basis of accounting
Description : The prime function of accounting is to: A. record economic data B. provide the informational basis for action C. classify and record business transactions D. attain non-economic goals.
Last Answer : B. provide the informational basis for action
Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal B. Integrity to society. C. Change ... standards by which corporate professionals must operate. E. Increase the workload for accounting students
Last Answer : C. Change the way in which ethics is taught to students.
Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal Integrity to society. B. Change ... standards by which corporate professionals must operate. D. Increase the workload for accounting students.
Last Answer : C. Create more ethics standards by which corporate professionals must operate.
Description : The delivery of goods by one person to another for some purpose, upon a contract and that they shall, when the purpose is accomplished, be returned or otherwise disposed of by accounting to the ... then it is called: A. Contingent contract B. Bailment C. Pledge D. Contract of indemnity
Last Answer : B. Bailment
Description : Though PSAs do not provide "hard and fast rules," they provide subjective guidance which allow the auditors to: a. Only apply those standards that are important to the audit. b. Use ... Tailor their audit to procedures requested by management. d. Accurately interpret the Code of Ethics for CPAs
Last Answer : Use adequate professional judgment when applying the standards.