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Exam (elaborations)

CAS1501 ASSIGNMENT 02 FOR 2023

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The document contains expected questions and answers for CAS1501 assignment 02 for 2023. Please note that questions may differ per student and I am not held accountable for that. A distinction was obtained on this attempt.











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Uploaded on
April 4, 2023
Number of pages
26
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

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CAS1501
ASSIGNMENT 2 FOR 2023




FEND TUTORIALS

, 1. A most likely outcome when the management of a company is good is an
increase in ____.




a.
Profits

b.
Salaries

c.
Investments

d.
Shares

e.
Employees


2. An accountancy professional should demonstrate professional citizenship in ____.


a.
Personal, business and professional contexts

b.
Personal and professional contexts

c.
Business and professional contexts

d.
Personal contexts

e.
Professional contexts
3. The fiduciary relationship requires that a director should avoid making decisions
for ____.


FEND TUTORIALS. Whatsapp +27631738181

, a.
Self-esteem

b.
Wealth

c.
Self-interest

d.
Popularity

e.
Friendship
4. The fundamental principle PROFESSIONAL COMPETENCE requires ______.


a.
Being a long-life learner and keeping professional knowledge up to date

b.
Not harming the reputation of the profession

c.
Avoiding conflict of interests while working for a client or employer

d.
Not sharing information about your employer or your client with others

e.
Acting ethically in all circumstances


5. Accounting students who plagiarise their assignments breach the fundamental
principle of ______ of the accountancy profession.


a.
Objectivity




FEND TUTORIALS. Whatsapp +27631738181

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