SS2 Principles of Accounting Third Term Examinations

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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 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 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

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