SS2 Principles of Accounting Third Term Examinations
The concepts of responsibility accounting are devised to …Answer
Place performance evaluation into manageable context
Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency and inflation
Question
Ratios such as ROA and ROCE are methods of
Answer
Financial analysis
Question
Sales growth and cost reduction is a measure to
Answer
Evaluate the results of business organization
Question
Techniques of financial analysis include the following except one
Answer
Graphs, common-size analysis and measurement
Question
Geographical spread is one
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Characteristic of MNCS
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Another name for Multinatioanl corporation is
Answer
All of the above
Question
Accounting education and training is one practical implementation of
Answer
IFRS
Question
Advising Federal Government of Nigeria on matters on matters relating to accounting and financial reporting standards is the role of
Answer
FRCN
Question
IFAC was established in
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1977
Question
Obstacles for harmonization of accounting standards include but except one
Answer
IFRS and FRCN
Question
The reasons for harmonisation of accounting standards include the following except one
Answer
Debentures holders
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IASC means
Answer
International accounting standard committee
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Accounting professions and standard setters is one
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Reason for harmonization of accouning standards
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The most successful body involved in harmonization is
Answer
IASC/IASB
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Harmonization simply implies
Answer
Uniformity
Question
Differences in the existing accounting practices are due to
Answer
All of the above
Question
The owners of a company delegate comtrol and the evaluation of the management to who?
Answer
The board of directors
Question
Factors influencing Accounting development are mainly grouped into
Answer
5
Question
Generally, it is belived that Accounting history can be traced to Luca Pacioli in year
Answer
1494
Question
The concepts of responsibility accounitng are devised to …
Answer
Place performance evaluation into mangeable context
Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency and inflation
Question
Ratios such as ROA and ROCE are methods of
Answer
Financial analysis
Question
Sales growth and cost reduction is a measure to
Answer
Evaluate the results of business organization
Question
Techniques of financial analysis include the following except one
Answer
Graphs, common-size analysis and measurement
Question
Geographical spread is one
Answer
Characteristic of MNCS
Question
Another name for Multi Natioanl corporation is
Answer
All of the above
Question
Accounting education and training is one practical implementation of
Answer
IFRS
Question
Advising Federal Government of Nigeria on matters on matters relating to accounting and financial reporting standards is the role of
Answer
FRCN
Question
IFAC was established in
Answer
1977
Question
Obstacles for harmonization of accounting standards include but except one
Answer
IFRS and FRCN
Question
The reasons for harmonisation of accounting standards include the following except one
Answer
Debentures holders
Question
IASC means
Answer
International accounting standard committee
Question
Accounting professions and standard setters is one
Answer
Reason for harmonization of accouning standards
Question
The most successful body involved in harmonization is
Answer
IASC/IASB
Question
Harmonization simply implies
Answer
Uniformity
Question
Differences in the existing accounting practices are due to
Answer
All of the above
Question
The owners of a company delegate comtrol and the evaluation of the management to who?
Answer
The board of directors
Question
Factors influencing Accounting development are mainly grouped into
Answer
5
Question
Generally, it is belived that Accounting history can be traced to Luca Pacioli in year
Answer
1494
Question
The concepts of responsibility accounitng are devised to …
Answer
Place performance evaluation into mangeable context
Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency and inflation
Question
Ratios such as ROA and ROCE are methods of
Answer
Financial analysis
Question
Sales growth and cost reduction is a measure to
Answer
Evaluate the results of business organization
Question
Techniques of financial analysis include the following except one
Answer
Graphs, common-size analysis and measurement
Question
Geographical spread is one
Answer
Characteristic of MNCS
Question
Another name for Multinatioanl corporation is
Answer
All of the above
Question
Accounting education and training is one practical implementation of
Answer
IFRS
Question
Advising Federal Government of Nigeria on matters on matters relating to accounting and financial reporting standards is the role of
Answer
FRCN
Question
IFAC was established in
Answer
1977
Question
Obstacles for harmonization of accounting standards include but except one
Answer
IFRS and FRCN
Question
The reasons for harmonisation of accounting standards include the following except one
Answer
Debentures holders
Question
IASC means
Answer
International accounting standard committee
Question
Accounting professions and standard setters is one
Answer
Reason for harmonization of accouning standards
Question
The most successful body involved in harmonization is
Answer
IASC/IASB
Question
Harmonization simply implies
Answer
Uniformity
Question
Differences in the existing accounting practices are due to
Answer
All of the above
Question
The owners of a company delegate comtrol and the evaluation of the management to who?
Answer
The board of directors
Question
Factors influencing Accounting development are mainly grouped into
Answer
5
Question
Generally, it is believed that Accounting history can be traced to Luca Pacioli in year
Answer
1494
