Nothing Special   »   [go: up one dir, main page]
Scribd Logo
Upload

Welcome to Scribd!

  • 9 views

    Fundamental Concepts of The Framework: Accounting Theory and Practice Quiz Questions

    Uploaded by

    tabeth
    This document contains 24 multiple choice questions about accounting theory and practice. It covers topics such as the definition of stewardship accounting, the evolution of accounting definitions over time, the importance of the conceptual framework for financial reporting, fundamental and enhancing characteristics of useful accounting information, the standard setting process, statutes governing financial reporting in Zimbabwe, the role of auditors and harmonization in financial reporting, creative accounting practices and motives, and social and environmental accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Fundamental Concepts of The Framework: Accounting Theory and Practice Quiz Questions

    Uploaded by

    tabeth
    9 views1 page
    This document contains 24 multiple choice questions about accounting theory and practice. It covers topics such as the definition of stewardship accounting, the evolution of accounting definitions over time, the importance of the conceptual framework for financial reporting, fundamental and enhancing characteristics of useful accounting information, the standard setting process, statutes governing financial reporting in Zimbabwe, the role of auditors and harmonization in financial reporting, creative accounting practices and motives, and social and environmental accounting.

    Original Description:

    Original Title

    atp quize.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains 24 multiple choice questions about accounting theory and practice. It covers topics such as the definition of stewardship accounting, the evolution of accounting definitions over time, the importance of the conceptual framework for financial reporting, fundamental and enhancing characteristics of useful accounting information, the standard setting process, statutes governing financial reporting in Zimbabwe, the role of auditors and harmonization in financial reporting, creative accounting practices and motives, and social and environmental accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views1 page

    Fundamental Concepts of The Framework: Accounting Theory and Practice Quiz Questions

    Uploaded by

    tabeth
    This document contains 24 multiple choice questions about accounting theory and practice. It covers topics such as the definition of stewardship accounting, the evolution of accounting definitions over time, the importance of the conceptual framework for financial reporting, fundamental and enhancing characteristics of useful accounting information, the standard setting process, statutes governing financial reporting in Zimbabwe, the role of auditors and harmonization in financial reporting, creative accounting practices and motives, and social and environmental accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    ACCOUNTING THEORY AND PRACTICE

    QUIZ QUESTIONS
    1. Define stewardship accounting
    2. How has the definition of accounting evolved from the stewardship accounting era to
    present day accounting?
    3. Give three reasons why you feel the conceptual framework for financial reporting is
    important
    4. Describe any three fundamental concepts of the framework
    5. Why does the conceptual framework distinguish between fundamental and enhancing
    qualitative characteristics of useful accounting information?
    6. Illustrate the two fundamental qualitative characteristics of useful financial accounting
    information
    7. Illustrate any 3 enhancing qualitative characteristics of useful accounting information
    8. Critique the conceptual framework
    9. Explain what happens at each of the six stages in the standard setting process
    10. Give any 3 statutes governing/regulating financial reporting in Zimbabwe and explain
    how they influence financial reporting
    11. How do corporate governance frameworks contribute towards financial reporting
    regulation
    12. Briefly outline the role of the auditor in financial reporting regulation
    13. Define harmonization in the context of financial reporting
    14. Outline 3 objectives of harmonization
    15. What 4 challenges can be faced in trying to harmonize financial reporting?
    16. Define creative accounting
    17. Describe any 3 motives for creative accounting
    18. Outline the 7 financial shenanigans used by creative accountants
    19. Give any 3 signs of creative accounting in an organization
    20. Why would you consider creative accounting a bad practice in financial reporting?
    21. Can creative accounting be controlled? Explain
    22. Define social accounting
    23. With the aid of relevant theories where applicable, outline the arguments for social and
    environmental accounting
    24. Outline any 3 challenges faced in environmental accounting

    You might also like