举一反三
- 中国大学MOOC: The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct?
- Notes to the financial statements are not required by the accounting principle.
- Evolution of Accounting Accounting is thousands of years old; the earliest accounting records, which split of accounting systems for internal (i. e. management accounting) and external ( i. e. financial accounting) purposes, and subsequently also in accounting and disclosure regulations and a growing need for independent attestation of external
- The matching principle requires use of the direct write-off method of accounting for bad debts.
- Which of the following is a limitation of analysis of financial statements? ( ) A: Based on accounting concepts B: Affected by personal bias C: To know the financial strength D: Lack of Qualitative Analysis
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Which TWO of the following statements regarding management accounting are correct? A: Management accounting tends to focus on the needs of external stakeholders. B: Management accounting information can be presented in any format. C: The main purpose of management accounting is to produce the statutory financial statements for the entity. D: Management accounting is carried out at the discretion of management.
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Which of the following statements is a description of the accounting concept of materiality? A: Financial statements are prepared assuming the business will continue for the foreseeable future. B: An item that is omitted or incorrect would affect users' decisions based on the financial statements. C: Profits and income are recognised with caution, losses and expenses are recognised as soon as known. D: The business and its owner are separate accounting entities.
- 2
All of the following statements regarding accounting information systems are true except: () A: Accounting information systems collect and process data from transactions and events. B: Accounting information systems organize data in useful forms. C: Accounting information systems are crucial to effective decision making. D: Accounting information systems do not establish internal control procedures.
- 3
TRANSLATE THE FOLLOWING SENTENCE INTO CHINESE. "Financial accounting generally refers to the process results in the preparation and reporting of financial statements for an entity."
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Managerial accounting targets external users of accounting information while financial accounting targets internal users of accounting information（）