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Ethics in Accounting exam 1 WITH CORRECT ANSWERS
- Exam (elaborations) • 13 pages • 2023
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Hallmarks of Profession 
a. Technical knowledge → ethical standards 
b. Certified 
c. Extensive education 
d. Analytical and intellectual → judgement 
e. Skills to/for the benefit of society 
 
 
 
High Ranking attributes of professionals 
a. High standards → due care 
b. Ethics 
c. Credible, trustworthy, integrity 
 
 
 
What value to accountants add in addition to technical knowledge 
Judgement based on understanding of relevant laws, ethics, experience 
 
 
 
Why is important to maintai...
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Wise Review-Banking Questions and Answers Rated A+
- Exam (elaborations) • 8 pages • 2023
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Wise Review-Banking Questions and Answers Rated A+ accountant a person whose job is to keep or inspect financial accounts. 
ATM card is a bank card used to access an ATM. People who have a checking account also have a card that can be used at an ATM, like a debit card. 
Automatic Draft is a service that allows you to automatically pay your monthly water bill using your checking account, but without writing checks 
banker the person running the table, controlling play, or acting as dealer in some...
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ethics test 1 2023 WITH 100% CORRECT ANSWERS
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Per our class discussion, what are the hallmarks of a profession? 
•Minimum 5 years of education/continuing education 
•Must be certified 
•Intellectual and requires judgment 
•Representation by various bodies (ex. AICPA, TSBCPA) 
•Autonomy - is fellow accountant doing right thing? 
 
 
 
According to a survey conducted by CGMA Magazine, what are the three highest-ranking attributes of a professional? 
•1) assumed to have specialized knowledge (and to know how to use rules) 
•2) he...
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CMCA Practice Exam
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CMCA Practice Exam | Questions & Answers 
 
In preparing the association's annual financial report, many governing documents specify: Correct Ans - Retaining an independent certified public accountant 
 
When a dispute is mediated, the uninvolved third party facilitates discussion and Correct Ans - Assists both parties in reaching a mutually acceptable agreement 
 
When developing a rule, it must be consistent with.... Correct Ans - Applicable statue...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...
- Exam (elaborations) • 128 pages • 2023
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... 
 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brok...
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Federal Income Tax - Partnerships, Corps, Trusts/Estates & Beneficiaries
- Exam (elaborations) • 4 pages • 2023
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Chapter C:1 Tax Research Note: To do the online research problems for this chapter, textbook users must have access to an Internet-based tax service at their institution. Solutions are provided using RIA Checkpoint, when applicable. In some cases, solutions using other tax services may differ. Discussion Questions C:1-1 In a closed-fact situation, the facts have occurred, and the tax advisor’s task is to analyze them to determine the appropriate tax treatment. In an open-fact situation, by con...
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Audit Exam 1 - Multiple Choice 2022 Questions and Answers
- Exam (elaborations) • 79 pages • 2023
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Audit Exam 1 - Multiple Choice 2022 Questions and 
Answers 
Auditors accumulate evidence to 
A) defend themselves in the event of a lawsuit. 
B) determine if the financial statements are correct. 
C) satisfy the requirements of the Securities Acts of 1933 and 1934.D) reach a 
conclusion about the fairness of the financial statements. - Ans-D 
In the auditing process.... 
A) the types and amounts of evidence remain constant from audit to audit. 
B) the criteria for evaluating information will n...
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Accounting
- Exam (elaborations) • 3 pages • 2023
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Annual financial statements - Correct Answersthe set of accounts which are prepared each year 
Auditor - Correct Answersa specialist whose job is to carefully check the accounts and accounting practices of a company 
CA (chartered accountant) - Correct Answersa fully qualified accountant, holding current certification 
Code of conduct - Correct Answersa set of rules (often used within a company) which show the correct way to behave 
Confidentiality - Correct Answersthe state of being secret and/...
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Test Bank for Fundamental Accounting Principles, 25th
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1) Which of the following is not accomplished by accounting? 
A) Identifies business activities. 
B) Records business activities. 
C) Communicates business activities. 
D) Eliminates the need for interpreting financial data. 
E) Helps people make better decisions. 
2) Which of the following is an external user of accounting information? 
A) Purchasing manager. 
B) Human resource manager. 
C) Lender. 
D) Chief executive officer (CEO). 
E) Marketing manager. 
3) The primary objective of financial ...
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How to prepare for IELTS , TOEFL , CPA
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Welcome to this comprehensive guide that aims to equip you with the knowledge and strategies needed to excel in three highly respected and globally recognized examinations: IELTS, TOEFL, and CPA. Whether you're a student aspiring to pursue higher education abroad, a professional seeking international career opportunities, or an individual looking to enhance your language proficiency and accounting skills, these tests play a pivotal role in your journey. 
 
In this notes series, we will delve in...
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