Test 1 Chapter 1-3
True / False Questions
1. Accounting and Finance is a primary activity in the value chain.
2. Accounting Information Systems at this date are all computerized.
3. Business value includes all those items,
National Economics University
Advanced Program Intake 52
Statistics for Business
(Exam Paper No.4)
Instructions: - This is the open book exam. Students are allowed to use all materials except laptop.
- Time allowed:
Revenue is properly recognized:
A. When the customer's order is received
B. Only if the transaction creates an account receivable
C. At the end of the accounting period
D. Upon completion of the sale or when services have been performed and the business o
. Operating activities:
A. Are the means organizations must use to pay for resources like land, buildings and equipment
B. Involve using resources to research, develop, purchase, produce, distribute and market products
C. Involve acquiring an
A. Are the means organizations must use to pay for resources
B. Involve the acquiring and disposing of resources that an organization uses to acquire and sell its
products or services
C. Involve defining the ideas, goals and actions o
Congress passed the Sarbanes-Oxley Act to
A. Provide jobs to U.S. accountants and limit the number of jobs sent outside the country
B. Impose penalties on CEO's and CFO's who knowingly sign off on bogus accounting reports
although at this time the penalti
According to generally accepted accounting principles, a company's balance sheet should show the
company's assets at:
A. The cash equivalent value of what was given up
B. The current market value of the assets at the balance sheet date
C. The cash paid to
On December 15, 2008, Myers Legal Services signed a $50,000 contract with a client to provide
legal services to the client in 2009. Which accounting principle would require Myers Legal Services
to record the legal fees revenue in 2009 and not 2008?
The principle that (1) requires revenue to be recognized at the time it is earned, (2) allows the
inflow of assets associated with revenue to be in a form other than cash and (3) measures the
amount of revenue as the cash plus the cash equivalent value of
Marian Mosely is the owner of Mosely Accounting Services. Which accounting principle requires
Marian to keep her personal financial information separate from the financial information of
Mosely Accounting Services?
A. Monetary unit principle
The International Accounting Standards Board (IASB)
A. Hopes to create harmony among accounting practices of different countries
B. Is the government group that establishes reporting requirements for companies that issue stock to
C. Has the aut
The Maximum Experience Company acquired a building for $500,000. Maximum Experience had
an appraisal done and found that the building was worth $575,000. The seller had paid $300,000
for the building 6 years ago. Which accounting principle would prescribe
Identifying business activities requires selecting transactions and events relevant to an
organization. Which of the following events would be recorded in the accounting records of Acme
A. Acme washes 500 cars
B. J.B. Smith, a customer, buys lun
In the systems approach to administering a systems project, which of the following phases should be
A) Creating alternatives
B) Analyzing the system
C) Implementing the system
D) Stating the system's objectives
Which of the following is not an objective of internal control as a process?
A) Reliability of financial reporting
B) Accuracy of accounting information
C) Compliance with applicable laws and regulations
D) Effectiveness and efficiency of operations
From an organization's viewpoint, a distinction can be drawn between the following two broad
classes of accounting information.
A) Historical and future
B) Strategic and operational
C) Internal and external
D) Mandatory and discretionary
A group of individual software applications designed to run in Web browsers and facilitated through
a service oriented architecture (SOA) is referred to as a(n)
A) ERP II.
B) application architecture.
C) value chain application suite.
D) enterprise applic
The high-level executive who supervises accounting functions such as budgeting, billing, and payroll
is known as the
C) chief information officer.
D) chief internal
Groups of organizations working together to create new products, new process methods, and/or
human capital intelligence is referred to as a(n)
C) collaborative commerce.
D) application consortium.
The following are benefits of an ERP except for the ability
A) to eliminate data duplication and redundancy.
B) to standardize data formats.
C) to easily share data from various departments.
D) to easily customize software to meet company needs.
The three general phases of systems development projects and the order in which they occur are
A) systems design, systems implementation, and systems analysis.
B) systems design, systems implementation, and systems auditing.
C) systems design, systems ana
Green IT is concerned with
A) reducing e-waste by reusing and or refurbishing IT products.
B) using less fuel in the creation of IT systems.
C) designing more efficient systems in order to reduce necessary storage requirements.
D) Green IT is concerned wi
Which officer, department, or division within an organization is responsible for monitoring the other
departments to ensure that the organization's policies and procedures are being carried out?
A) Internal auditing
B) Vice President for Administration
Several career options are listed below. Which list contains a job NOT representative of the careers
available to students who have earned an accounting degree?
A. FBI investigations, market research and auditing
B. Auditing, tax preparation and bookkeepi
Which of the following statements is true of external information users?
A. They are directly involved in managing the organization
B. Their needs are met by the managerial area of accounting
C. They have limited access to an organization's accounting inf
The rules adopted by the accounting profession as guides in preparing financial statements are:
A. Comprised of both general and specific principles
B. Known as generally accepted accounting principles
C. Abbreviated as GAAP
D. Intended to make informatio
Lp Ti Chnh Tin Tin 55B
-K HOCH DU LCH H 2015
1. Thi gian: t tra 26/4 n chiu 28/4/2015
2. a im: Sm Sn Beach
3. Lch trnh:
- Tra 26/4 tp trung xut pht lc 12h tra, ln xe i thng n Sm sn.
- n ni lm th tc check in nhn phong ngh ngi ra do quanh v c
th tm nu thch.
Literature in English
Chingiz Aitmatov, one of the most well-known writers of Russia, was the
nominee for Nobel prize in literature. His writings contributed to the development
of Russian literature. One of his most excellent novel is Duishen, also known
NATIONAL ECONOMICS UNIVERSITY
CENTER FOR ADVANCED EDUCATION PROGRAM
INDIVIDUAL ASSIGNMENT FOR LITERATURE COURSE
Name: Nguyn Vit Phng Tho
Student ID: 11133591
Class: Advanced Accounting 55B
Requirement: Analyse the character of Duishen and symbol of two po