Stichworte Fundamental Accounting Concepts

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Stichworte: Fundamental Accounting Concepts

What are the four 4 standards of ethical conduct of a management accountant?

What are the four 4 standards of ethical conduct of a management accountant?

Which of the following is a major challenge facing the accounting profession?

Which of the following is a major challenge facing the accounting profession?

Abc is an accounting method for allocating direct and fixed costs to individual products.

Abc is an accounting method for allocating direct and fixed costs to individual products.

Was kann man mit einem vollendeten Accounting and Controlling Studium machen?

Was kann man mit einem vollendeten Accounting and Controlling Studium machen?

A describes transactions entering an accounting system, such as a purchase order

A describes transactions entering an accounting system, such as a purchase order

What is a type of investigation focused on improving the understanding of a particular phenomenon study or law of nature?

What is a type of investigation focused on improving the understanding of a particular phenomenon study or law of nature?

If the accounting rate of return exceeds the required accounting rate of return

If the accounting rate of return exceeds the required accounting rate of return

Statements that explain the relationship between the concepts in a theory is called

Statements that explain the relationship between the concepts in a theory is called

In double-entry accounting, what kinds of transactions are recorded in the left debits column?

In double-entry accounting, what kinds of transactions are recorded in the left debits column?

In which entry represents the unsold goods at the end of the accounting period?

In which entry represents the unsold goods at the end of the accounting period?

$What are the two most important concepts one must keep in mind when splinting a fracture?$

What are the two most important concepts one must keep in mind when splinting a fracture?

When a public accounting firm has been negligent in rendering services it will?

When a public accounting firm has been negligent in rendering services it will?

Which of the following are basic functions of an accounting information system?

Which of the following are basic functions of an accounting information system?

What method of accounting records income when it is earned and expenses when theyre incurred?

What method of accounting records income when it is earned and expenses when theyre incurred?

Which of the following accounting principles require that all goods and services

Which of the following accounting principles require that all goods and services

How is a financial statement under IFRS different from GAAP How is it the same?

How is a financial statement under IFRS different from GAAP How is it the same?

Which of the following is not an advantage of the accounting rate of return ARR method of investment?

Which of the following is not an advantage of the accounting rate of return ARR method of investment?

In addition to monetary information, managerial accounting reports information.

In addition to monetary information, managerial accounting reports information.

When manufacturing inventory, what is the accounting treatment for abnormal freight-in costs?

When manufacturing inventory, what is the accounting treatment for abnormal freight-in costs?

An important purpose of accounting is to provide accurate financial information that is useful to

An important purpose of accounting is to provide accurate financial information that is useful to

What are some factors considered in estimating the amount of uncollectible accounts receivable

What are some factors considered in estimating the amount of uncollectible accounts receivable

Which method of accounting for uncollectible accounts receivable uses an estimate based on a percent of sales?

Which method of accounting for uncollectible accounts receivable uses an estimate based on a percent of sales?

What basis of accounting is used for recognizing internal service fund revenues?

What basis of accounting is used for recognizing internal service fund revenues?

What is authentication authorization and accounting AAA pronounced Triple A )? Quizlet?

What is authentication authorization and accounting AAA pronounced Triple A )? Quizlet?

An example of an external user of accounting information is the federal government

An example of an external user of accounting information is the federal government

Which of the following is not a basic assumption underlying financial accounting

Which of the following is not a basic assumption underlying financial accounting

Which of the following statements about the cash basis of accounting is correct?

Which of the following statements about the cash basis of accounting is correct?

What are the effects on the accounting equation when an adjusting entry is made?

What are the effects on the accounting equation when an adjusting entry is made?

Which of the following concepts consists of aptitudes, skills, and competencies?

Which of the following concepts consists of aptitudes, skills, and competencies?

Accrual accounting in QuickBooks and created a customer invoice which account is debited

Accrual accounting in QuickBooks and created a customer invoice which account is debited

Generally accepted accounting principles are accounting adaptations based on law

Generally accepted accounting principles are accounting adaptations based on law

Which of the following would not be considered internal users of accounting data for a company

Which of the following would not be considered internal users of accounting data for a company

Which of the following funds is accounted for on the modified accrual basis of accounting

Which of the following funds is accounted for on the modified accrual basis of accounting

Which of the following statements about systems concepts in organization is FALSE

Which of the following statements about systems concepts in organization is FALSE

What accounting concept is employed when using the lower-of-cost-or-market valuation?

What accounting concept is employed when using the lower-of-cost-or-market valuation?

Managerial accounting applies to each of the following types of businesses except

Managerial accounting applies to each of the following types of businesses except

Which of the following concepts comes closest to sigmund freud’s term “superego”?

Which of the following concepts comes closest to sigmund freud’s term “superego”?

What is the Declaration of Rights of Man and Citizen French Constitution of 1791?

What is the Declaration of Rights of Man and Citizen French Constitution of 1791?

What is a basic underlying assumption in the preparation of financial statements?

What is a basic underlying assumption in the preparation of financial statements?

Which of the following typically causes a permanent difference between taxable income and pretax accounting income?

Which of the following typically causes a permanent difference between taxable income and pretax accounting income?

Which of the following causes a temporary difference between taxable and pretax accounting income

Which of the following causes a temporary difference between taxable and pretax accounting income

What is meant by equivalent units of production and why are they important when a process cost accounting system is used?

What is meant by equivalent units of production and why are they important when a process cost accounting system is used?

Which accounting concept is about assuming that a business has an indefinite life?

Which accounting concept is about assuming that a business has an indefinite life?

When testing the entitys fair value measurements and disclosures The auditor evaluates whether?

When testing the entitys fair value measurements and disclosures The auditor evaluates whether?

Which of the following is a fundamental difference between the t statistic and a z

Which of the following is a fundamental difference between the t statistic and a z

Being informed is considered the most fundamental collaboration purpose because ________.

Being informed is considered the most fundamental collaboration purpose because ________.

Enables computers to both understand concepts in the environment, and also to learn

Enables computers to both understand concepts in the environment, and also to learn

Technical accounting skills represent the only skills required of accounting professionals.

Technical accounting skills represent the only skills required of accounting professionals.

Which graphic organizer visually represents relationships between concepts and ideas?

Which graphic organizer visually represents relationships between concepts and ideas?

Of the following groups which is the primary user of managerial accounting information

Of the following groups which is the primary user of managerial accounting information

Which of the following concepts is illustrated by the production possibilities frontier?

Which of the following concepts is illustrated by the production possibilities frontier?

Who has the responsibility for preparing financial statements in accordance with generally accepted accounting principle?

Who has the responsibility for preparing financial statements in accordance with generally accepted accounting principle?

Which of the following is not an objective of the international accounting standards board

Which of the following is not an objective of the international accounting standards board

What is the most fundamental question driving global business and why is it important?

What is the most fundamental question driving global business and why is it important?

Which of the following statements about cash versus accrual accounting is most correct?

Which of the following statements about cash versus accrual accounting is most correct?

Who can pass along information about new concepts or techniques to use in new products?

Who can pass along information about new concepts or techniques to use in new products?

A n is a single characteristic or fundamental feature of an object, person, situation, or issue

A n is a single characteristic or fundamental feature of an object, person, situation, or issue

Enterprise systems do not require fundamental changes in the way the business operates.

Enterprise systems do not require fundamental changes in the way the business operates.

The lower of cost or market basis is an example of the accounting concept of conservatism

The lower of cost or market basis is an example of the accounting concept of conservatism

Which fundamental key allows interests to influence and gain the attention of government

Which fundamental key allows interests to influence and gain the attention of government

What was the purpose of the Mayflower Compact and the Fundamental Orders of Connecticut?

What was the purpose of the Mayflower Compact and the Fundamental Orders of Connecticut?

What type of accounting provides information to managers to allow them to make decisions?

What type of accounting provides information to managers to allow them to make decisions?

Which of the following correctly identifies the five core customer and marketplace concepts?

Which of the following correctly identifies the five core customer and marketplace concepts?

Which of the following are the two main types of cost accounting systems for manufacturing

Which of the following are the two main types of cost accounting systems for manufacturing

In which of the following countries would the fundamental attribution error be least likely to occur?

In which of the following countries would the fundamental attribution error be least likely to occur?

Apportionment and redistricting address fundamental questions of who should be represented and

Apportionment and redistricting address fundamental questions of who should be represented and

What graphic organizer is used when showing the similarities and differences between two concepts?

What graphic organizer is used when showing the similarities and differences between two concepts?

Which of the following concepts includes the expectation that MNCs should be concerned with the social and economic effects of their decision?

Which of the following concepts includes the expectation that MNCs should be concerned with the social and economic effects of their decision?

Which branch of accounting is primarily concerned with the preparation of specific purpose?

Which branch of accounting is primarily concerned with the preparation of specific purpose?

Which branch of accounting that focuses on the preparation of tax returns as required by the Bureau of Internal Revenue?

Which branch of accounting that focuses on the preparation of tax returns as required by the Bureau of Internal Revenue?

What branch of accounting that provides information used internally for planning evaluating analyzing and controlling business decisions and operations?

What branch of accounting that provides information used internally for planning evaluating analyzing and controlling business decisions and operations?

A company purchased land by issuing a note payable. what was the effect on the accounting equation?

A company purchased land by issuing a note payable. what was the effect on the accounting equation?

Which accounting assumptions are related to the presumption of continuous and indefinite operations of a business?

Which accounting assumptions are related to the presumption of continuous and indefinite operations of a business?

Which accounting concept is based on the assumption that the business will last for a long time?

Which accounting concept is based on the assumption that the business will last for a long time?

Which principle guideline justifies an enterprises violation of an accounting principle because the amounts are immaterial?

Which principle guideline justifies an enterprises violation of an accounting principle because the amounts are immaterial?

Which principle guideline justify the company violating an accounting principle because the amounts are in material?

Which principle guideline justify the company violating an accounting principle because the amounts are in material?

Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and decides not to include?

Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and decides not to include?

Which accounting principle states that companies and owners should be treated as a separate entity?

Which accounting principle states that companies and owners should be treated as a separate entity?

The financial accounting process provides information about economic activities of an enterprise

The financial accounting process provides information about economic activities of an enterprise

Which accounting principle requires expenses in the same period as the sales they helped to produce?

Which accounting principle requires expenses in the same period as the sales they helped to produce?

Which accounting principle states that expenses must be recorded in the same period as the income to which they correspond?

Which accounting principle states that expenses must be recorded in the same period as the income to which they correspond?

Which concept states that the information provided in the financial statement of an entity should be easily understandable by users?

Which concept states that the information provided in the financial statement of an entity should be easily understandable by users?

Which accounting concept or principle states that the transactions of business must be recorded separately from those of its owners or other businesses?

Which accounting concept or principle states that the transactions of business must be recorded separately from those of its owners or other businesses?

Which accounting concept principle is applied when accountants record the financial impact of transactions?

Which accounting concept principle is applied when accountants record the financial impact of transactions?

Which branch of accounting has unbiased evaluation of the financial statements to determine whether or not a companys financial statement is presented truthfully?

Which branch of accounting has unbiased evaluation of the financial statements to determine whether or not a companys financial statement is presented truthfully?

Under hipaa, the following disclosures must be included in a patient accounting of disclosures:

Under hipaa, the following disclosures must be included in a patient accounting of disclosures:

What in your opinion is the role and value of prior knowledge in the learning of new concepts and content?

What in your opinion is the role and value of prior knowledge in the learning of new concepts and content?

Message is fundamental to communication. the word message come from the ____ mattered “to send”

Message is fundamental to communication. the word message come from the ____ mattered “to send”

Which of the following production operations would be most likely to employ a job order system of cost accounting?

Which of the following production operations would be most likely to employ a job order system of cost accounting?

Which of the following is a reason for companies to use absorption costing for internal accounting?

Which of the following is a reason for companies to use absorption costing for internal accounting?

What is a term used to use the standard framework of guidelines for financial accounting used in any given jurisdiction generally known as accounting standards?

What is a term used to use the standard framework of guidelines for financial accounting used in any given jurisdiction generally known as accounting standards?

Responsibility accounting reports for profit centers are normally in the form of income statements.

Responsibility accounting reports for profit centers are normally in the form of income statements.

What are the fundamental components of an expert system and what function does each perform?

What are the fundamental components of an expert system and what function does each perform?

Which of the following provides a suite of integrated software modules for finance and accounting Human Resources manufacturing?

Which of the following provides a suite of integrated software modules for finance and accounting Human Resources manufacturing?

Which of the following is an effective instructional strategy for helping kindergarten students develop an understanding of concepts about print?

Which of the following is an effective instructional strategy for helping kindergarten students develop an understanding of concepts about print?

Which of the following is typically required for entry level positions in the accounting profession?

Which of the following is typically required for entry level positions in the accounting profession?

What is the major difference between service and merchandising companies in terms of accounting?

What is the major difference between service and merchandising companies in terms of accounting?

Which of the following concepts refers to social bonds based on specialization and mutual interdependence?

Which of the following concepts refers to social bonds based on specialization and mutual interdependence?

What is the name for the discipline that blends the concepts of psychology and sociology to focus on peoples influence on one another?

What is the name for the discipline that blends the concepts of psychology and sociology to focus on peoples influence on one another?

Which one of the key concepts of marketing refers to a transaction in which something of value is received and something of value is given?

Which one of the key concepts of marketing refers to a transaction in which something of value is received and something of value is given?