ACC341 - Topic 3

Beschreibung

Quiz am ACC341 - Topic 3, erstellt von mentor am 12/09/2014.
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Quiz von mentor, aktualisiert more than 1 year ago
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Zusammenfassung der Ressource

Frage 1

Frage
Sombarts thesis in an example of which perspective of history?
Antworten
  • Socially constructed
  • Socially constructing
  • Traditional
  • Professional

Frage 2

Frage
The perspective that accounting has developed to meet the needs of society is best described as:
Antworten
  • Socially constructed
  • Traditional
  • Professional
  • Socially constructing

Frage 3

Frage
The industrial revolution was most closely associated with the development of which form of accounting?
Antworten
  • Financial Accounting
  • Historical Cost
  • Management Accounting
  • Auditing

Frage 4

Frage
Which of the following statements is true about the regulation of accounting practice in its early period of development?
Antworten
  • Accounting was largely determined by accounting theory.
  • Accounting was largely determined by accounting standards issued by the accounting profession.
  • Accounting was largely determined by the national Securities and Exchange Commissions and resulting legislation.
  • Accounting was largely determined by generally accepted practice.

Frage 5

Frage
Which of the following statements is true about early codification of accounting rules?
Antworten
  • In the early part of the twentieth century, limited work was undertaken to codify particular accounting principles or rules.
  • Accountants used rules of which they were aware, and which they believed were most appropriate to the particular circumstances.
  • There was very limited uniformity between the accounting methods adopted by different organisations, thereby creating comparability problems.
  • All of the given options are correct.
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