Stichworte accounting assumption

Stichworte: accounting assumption

The financial statement that explains what caused cash to change during an accounting period is the

The financial statement that explains what caused cash to change during an accounting period is the

Which are the 3 payroll options available inside QuickBooks Online companies?

Which are the 3 payroll options available inside QuickBooks Online companies?

In a job order cost accounting system, the raw materials inventory account is

In a job order cost accounting system, the raw materials inventory account is

What are the benefits of having uniform accounting standards among countries?

What are the benefits of having uniform accounting standards among countries?

Which accounting record is a listing of all account names and their balances?

Which accounting record is a listing of all account names and their balances?

The product cost accounting system used when discrete products are manufactured is known as a

The product cost accounting system used when discrete products are manufactured is known as a

Is an accounting method in which revenue is recorded when payment is received?

Is an accounting method in which revenue is recorded when payment is received?

Which field of accounting provides information for external decision makers outside investors Lenders customers and government?

Which field of accounting provides information for external decision makers outside investors Lenders customers and government?

Which of the following would be considered an external user of accounting data?

Which of the following would be considered an external user of accounting data?

Which of the following is a characteristic of financial accounting information?

Which of the following is a characteristic of financial accounting information?

Which of the following would be considered an internal user of accounting data?

Which of the following would be considered an internal user of accounting data?

Which accounting method is used when income or expenses are recognized regardless of related collection or payment?

Which accounting method is used when income or expenses are recognized regardless of related collection or payment?

How is the accounting equation affected if the company buys supplies with cash?

How is the accounting equation affected if the company buys supplies with cash?

Which cost accounting processes would be most appropriate for firms that mass produce large quantities of similar or homogeneous products?

Which cost accounting processes would be most appropriate for firms that mass produce large quantities of similar or homogeneous products?

Which of the following statements about financial accounting reports is correct?

Which of the following statements about financial accounting reports is correct?

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

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

Distinguish between managerial and financial accounting as to primary users of reports

Distinguish between managerial and financial accounting as to primary users of reports

What is the difference between the cash basis and the accrual basis of accounting quizlet Chapter 45?

What is the difference between the cash basis and the accrual basis of accounting quizlet Chapter 45?

What is the difference between the accrual basis and the cash basis of accounting quizlet?

What is the difference between the accrual basis and the cash basis of accounting quizlet?

Which of the following events is not recorded in a company’s accounting records?

Which of the following events is not recorded in a company’s accounting records?

Which of the following is not an objective of generally accepted accounting principles

Which of the following is not an objective of generally accepted accounting principles

Which of the following Isare is true about the underlying assumption of economic order quantity EOQ?

Which of the following Isare is true about the underlying assumption of economic order quantity EOQ?

Which corporate officer is responsible for accurate financial accounting of the firms activities?

Which corporate officer is responsible for accurate financial accounting of the firms activities?

Which of the following is not a common cost flow assumption used in costing inventory

Which of the following is not a common cost flow assumption used in costing inventory

Cost flow assumption that requires computation of a new average unit cost after each purchase.

Cost flow assumption that requires computation of a new average unit cost after each purchase.

Which of the following is not an assumption of the theory of perfect competition?

Which of the following is not an assumption of the theory of perfect competition?

The second level of the conceptual framework includes each of the following except

The second level of the conceptual framework includes each of the following except

Which of the following statements is not an assumption of theory x for leadership?

Which of the following statements is not an assumption of theory x for leadership?

Which of the following statements is an implication of the going concern assumption?

Which of the following statements is an implication of the going concern assumption?

Under Which inventory cost flow assumption is the cost of the most recent purchase?

Under Which inventory cost flow assumption is the cost of the most recent purchase?

What explains the changes in a companys retained earnings over the accounting year?

What explains the changes in a companys retained earnings over the accounting year?

Which of the following is not an assumption made when using the gross profit method?

Which of the following is not an assumption made when using the gross profit method?

Which of the following information would be included on managerial accounting reports?

Which of the following information would be included on managerial accounting reports?

What are the differences of external users from internal users of accounting information?

What are the differences of external users from internal users of accounting information?

What are differences between external and internal users need for accounting information

What are differences between external and internal users need for accounting information

Professional judgment in accounting includes each of the following attributes except for

Professional judgment in accounting includes each of the following attributes except for

Careers for accounting professionals typically include a choice between public and accounting.

Careers for accounting professionals typically include a choice between public and accounting.

The cost accounting system which is used when producing customized products is called

The cost accounting system which is used when producing customized products is called

Which one of the following is a primary assumption of the free trade theories of specialization?

Which one of the following is a primary assumption of the free trade theories of specialization?

Which of the following groups is considered to be internal users of accounting information?

Which of the following groups is considered to be internal users of accounting information?

Which of the following is true of managerial accounting rather than financial accounting?

Which of the following is true of managerial accounting rather than financial accounting?

Which Responsibility Center is held responsible for the use of assets as well as profits?

Which Responsibility Center is held responsible for the use of assets as well as profits?

One assumption underlying linear regression is that the X values are normally distributed

One assumption underlying linear regression is that the X values are normally distributed

Are fees deducted from the bank statement for the banks processing of the checking account activity?

Are fees deducted from the bank statement for the banks processing of the checking account activity?

What is the underlying assumption as per the conceptual framework for financial reporting?

What is the underlying assumption as per the conceptual framework for financial reporting?

What are joint products what accounting issue results from the production process that creates joint products?

What are joint products what accounting issue results from the production process that creates joint products?

Which of the following cost classification schemes is most relevant to responsibility accounting

Which of the following cost classification schemes is most relevant to responsibility accounting

Which of the following is an assumption underlying the political model of decision making quizlet?

Which of the following is an assumption underlying the political model of decision making quizlet?

Which of the following is an assumption underlying the political model of decision making?

Which of the following is an assumption underlying the political model of decision making?

What three steps must the auditor perform when assessing the entitys ability to continue as a going concern?

What three steps must the auditor perform when assessing the entitys ability to continue as a going concern?

Which branch of accounting focuses on the preparation of reports for the use of managers in their decision making?

Which branch of accounting focuses on the preparation of reports for the use of managers in their decision making?

Is the branch of accounting that focuses on general purpose reports of financial position and operating results known as the financial statements?

Is the branch of accounting that focuses on general purpose reports of financial position and operating results known as the financial statements?

Which underlying concepts serves as the basis for preparing financial statements at regular intervals of time?

Which underlying concepts serves as the basis for preparing financial statements at regular intervals of time?

Which underlying assumption is specifically indicated in the conceptual framework for financial reporting 2010?

Which underlying assumption is specifically indicated in the conceptual framework for financial reporting 2010?

Which of the following accounting concepts is based on the basic assumption that business will continue for quite a long time and will not be closed or shut down shortly?

Which of the following accounting concepts is based on the basic assumption that business will continue for quite a long time and will not be closed or shut down shortly?

What accounting concept allows for the violation of an accounting principle when the amounts are insignificant?

What accounting concept allows for the violation of an accounting principle when the amounts are insignificant?

What accounting principles do we apply when assuming continuation of a business entity in the absence of evidence to the contrary?

What accounting principles do we apply when assuming continuation of a business entity in the absence of evidence to the contrary?

Which accounting assumption or principle is being violated if a company provides financial reports?

Which accounting assumption or principle is being violated if a company provides financial reports?

Which principle requires the recording of expenses and revenue in the same period in which they occur?

Which principle requires the recording of expenses and revenue in the same period in which they occur?

What accounting principle states that expenses and revenues must be recorded in the same period in which they occur?

What accounting principle states that expenses and revenues must be recorded in the same period in which they occur?

What principle states that the timing of expenses be identified to the period in which they are incurred as opposed to when they are actually paid?

What principle states that the timing of expenses be identified to the period in which they are incurred as opposed to when they are actually paid?

Which accounting convention suggests the usage of the same accounting rules methods or procedures from one year to another?

Which accounting convention suggests the usage of the same accounting rules methods or procedures from one year to another?

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

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

What branch of accounting evaluate whether a branch of the business complies with the collection and deposit policy of the company?

What branch of accounting evaluate whether a branch of the business complies with the collection and deposit policy of the company?

Which of the following managerial accounting techniques attempts to allocate manufacturing overhead?

Which of the following managerial accounting techniques attempts to allocate manufacturing overhead?

Which of the following is the responsibility center where managers have control over costs and revenues but not investment in operating assets?

Which of the following is the responsibility center where managers have control over costs and revenues but not investment in operating assets?

Responsibility accounting reports that are given to lower level managers are usually very detailed

Responsibility accounting reports that are given to lower level managers are usually very detailed

What term identifies an accounting system in which the operations of the business are broken down into reportable segments?

What term identifies an accounting system in which the operations of the business are broken down into reportable segments?

Which of the following is an assumption of the classical model of decision making quizlet?

Which of the following is an assumption of the classical model of decision making quizlet?

Characteristics of the rational decision-making model include the assumption that managers:

Characteristics of the rational decision-making model include the assumption that managers: