Accounting Others 35

Ashley Bradshaw is the manager of one department in a large store. In this capacity, which of the following kinds of information would she be interested in? Economic dataFinancial dataNonfinancial dataBoth financial data and nonfinancial...

Accounting Others 34

International accounting standards are formulated by the IASB. What does that acronym stand for? Internationally Accepted Standards BoardInternational Accounting Standards BoardCorrectInternational Accountability Standards BureauInternational Accounting and...

Accounting Others 32

Which type of accounting information is intended to satisfy the needs of external users of accounting information? Cost accountingManagerial accountingTax accountingFinancial accountingCorrect ExplanationFinancial accounting is intended to satisfy the needs of...

Accounting Others 31

Which of the following statements is correct? “Equity” is money that the business has used to grow – for example the original investment from owners or money from the sale of shares, and any loans made to the business “Equity” is the original money invested in the...

Accounting Others 30

The focus of management accounting over time has changed. Which is the correct historical order for the following foci?i. Costii. Profitabilityiii. Resource managementiv. Waste reductionA. i, ii, iii and ivB. ii, iii, i and ivC. i, ii, iv and iiiD. i, iii, iv and...