MIS Information System in Financial and Accounting System MCQ: This section contains the Multiple-Choice Questions & Answers on Information System in Financial and Accounting System with explanations.
One of the most difficult sections of the Certified Public Accountant (CPA) exam is Financial Accounting and Reporting (FAR). It requires you to have a working knowledge of several different key areas of financial statements. Because of that, you’ll be asked to complete 66 multiple choice qu...
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1. Multiple-choice questions (MCQ)2. Task-based simulations (TBS)3. Written communication (WC)Each part of the CGFM Exam consists of a different type of question format.Multiple-choice questions (MCQ) consist of a question with four answer choices, one of which is correct.Task-based ...
Had the question asked for the cost of the investment that would be recorded in the parent’s books, this would be it – hence the inclusion of the distracter, and incorrect answer D. Secondly, once we have identified the ...
4. The rate that existed at the end of the accounting period I chose 1 and 4 as my answers based on this lecture but the actual answers marked as correct were answers 1 and 3 (average rate with no significant fluctuations). I got mixed up with the answer given, thought maybe you coul...
·calculate what you think the correct figure is before you look at MCQ answer options – be careful not to let the distracters catch you out, so think carefully about your calculation ·re-read the question to ensure you understand it and check you are answering the question set if your ...
look at MCQ answer options – be careful not to let the distracters catch you out, so think carefully about your calculation re-read the question to ensure you understand it and check you are answering the question set if your initial calculation does not match any of the answer ...
CMA Exam Part 1 Topics: Financial Planning, Performance and Analytics Some of these topics may be familiar to you if you’ve completed anaccounting degree before going after the CMA. Since there’s also aCMA experience requirement, some candidates already have practical knowledge of a few of th...
Answer Even though this question requires an extract from the consolidated income statement, the principle is still the same as Illustration (3) – consolidate the group as if it is a single economic entity by adding in 100% line by line, and showing group performance with the outside world...