CAS1501 ASSIGNMENT 02 FOR 2023

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 ____.


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, 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




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