Test bank for financial and managerial accounting 19th edition williams

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Financial and Managerial Accounting 19th Edition by
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Williams CH01 m


CORRECT ANSWERS ARE LOCATED AT THE SECOND PART OF THIS DOC
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UMENT
ESSAY.mWritemyourmanswerminmthemspacemprovidedmormonmamseparatemsheetmofmpaper.
1) Listedmbelowmaremninemaccountingmtermsmintroducedminmthismchapt
er:mAudit
Returnmofminvestment
mReturnmonminvestmen
t
Generallymacceptedaccountingmprinciple
smBalancemsheet
IncomemstatementmIntern
almcontrolmstructuremMan
agementmaccountingmStat
ementmofmcashmflows
Eachmofmthemfollowingmstatementsmmaym(ormmaymnot)mdescribemonemofmthesemterms.mInmthemspac
emprovidedmbelowmeachmstatement,mindicatemthemaccountingmtermmdescribed,mormanswerm"None"mi
fmthemstatementmdoesmnotmcorrectlymdescribemanymofmthemterms.mMoremthanmonemstatementmmaymde
scribemamsinglemterm.
(A) Themrepaymentmtomanminvestormofmthemamountmoriginallyminvestedminmanmenterprise.
(B) Anmindependentmexaminationmofmfinancialmstatementsmdesignedmtomdeterminemtheirmfairnessm
inmrelationmtomgenerallymacceptedmaccountingmprinciples.
(C) Themaccountingmstandardsmandmconceptsmusedminmthempreparationmofmfinancialmstatements.
(D) Amsystemmofmmeasuresmdesignedmtomassuremmanagementmthatmallmaspectsmofmthembusinessm
aremoperatingmaccordingmtomplan.
(E) Amlistingmofmassets,mliabilities,mandmstockholders'mequitymasmofmamspecificmdate.
(F) Thempaymentmofmanmamountmformusingmanother'smmoney.
(G) Anmactivitymstatementmthatmshowsmthemdetailsmofmthemcompany'smactivitiesminvolvingmca
shmduringmamperiodmofmtime.




Versionm 1
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,DOWNLOAD THE Test Bank for Financial and Managerial Accounting 19thEditi
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on Williams m


Financial and Managerial Accounting 19th Edition by
m m m m m m



Williams CH01 m




QuestionmDetails
Difficultym:m1mEasy
LearningmObjectivem:m01-
01mDiscussmaccountingmasmthemlanguagemofmbusinessmandmthemrolemofmaccountingmBloom'sm:mRemembe
r
AACSBm:mReflectivemThinking
LearningmObjectivem:m01-
02mDiscussmthemsignificancemofminformationmsystemsminmgeneratingmreliablemaccmLearningmObjectivem:
m01-

03mExplainmthemimportancemofmfinancialmaccountingminformationmformexternalmpamLearningmObjectivem
:m01-04mExplainmthemimportancemofmaccountingminformationmforminternalmparties-
primmTopicm:mFinancialmAccountingmInformation
LearningmObjectivem:m01-
05mDiscussmelementsmofmthemsystemmofmexternalmandminternalmfinancialmreportinmAICPAm:mFNmReporti
ng
AICPAm:mBBmCriticalmThinking
Topicm:mAccountingmInformation:mAmMeansmtomanm
EndmTopicm:mManagementmAccountingmInformation
Topicm:mIntegritymofmAccountingmInformati
onmTopicm:mInformationmSystems
Accessibilitym:mKeyboardmNavigatio
nmTypem:mStatic
Accessibilitym:mScreenmReadermCompatible




Versionm 2
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Financial and Managerial Accounting 19th Edition by
m m m m m m



Williams CH01 m


2) Listedmbelowmaremeightmaccountingmterm
s.mManagementmAccounting
AccountingmSystemm
FinancialmAccounting
mInternalmControlsmFin
ancialmPositionmFinan
cialmStatementsmResu
ltsmofmOperationsmFina
ncialmReporting
Eachmofmthemfollowingmstatementsmmaym(ormmaymnot)mdescribemonemofmthesemterms.mInmthemsp
acemprovided,mindicatemthemaccountingmtermmdescribedmormanswerm"None"mifmthemstatementmdoe
smnotmaccuratelymdescribemanymofmthemterms.
(A) Informationmdescribingmthemfinancialmresources,mobligations,mandmactivitiesmofmanmeconom
icmentity.m (B)mAnmentity'smfinancialmresourcesmandmobligationsmatmampointminmtime.
(C) Accountingminformationmintendedmspecificallymtomassistmcompany'smmanagement.
(D) Thempersonnel,mprocedures,mandmtechnologymusedmbymanmorganizationmtomdevelopmaccounti
ngminformationmandmtomcommunicatemthisminformationmtomdecisionmmakers.
(E) Anmentity'smfinancialmactivitiesmovermamperiodmofmtime.
(F) Measuresmusedmbymanmorganizationmtomguardmagainstmerrors,mwaste,mandmfraudmandmtomass
uremthemreliabilitymofmaccountingminformation.
(G) Amplanmofmfinancialmoperationsmformsomemfuturemperiod.
(H) Amwrittenmassertionmidentifying,mmeasuring,mandmcommunicatingmfinancialminformationmabo
utmanmeconomicmentity.




Versionm 3
1 mynursytest.store

, DOWNLOAD THE Test Bank for Financial and Managerial Accounting 19thEditi
m m m m m m m m m m

on Williams m


Financial and Managerial Accounting 19th Edition by
m m m m m m



Williams CH01 m




QuestionmDetails
LearningmObjectivem:m01-
01mDiscussmaccountingmasmthemlanguagemofmbusinessmandmthemrolemofmaccountingmBloom'sm:mRemembe
r
AACSBm:mReflectivemThinking
LearningmObjectivem:m01-
02mDiscussmthemsignificancemofminformationmsystemsminmgeneratingmreliablemaccmLearningmObjectivem:
m01-

03mExplainmthemimportancemofmfinancialmaccountingminformationmformexternalmpamLearningmObjectivem
:m01-04mExplainmthemimportancemofmaccountingminformationmforminternalmparties-
primmTopicm:mFinancialmAccountingmInformation
LearningmObjectivem:m01-
05mDiscussmelementsmofmthemsystemmofmexternalmandminternalmfinancialmreportinmAICPAm:mFNmReporti
ng
AICPAm:mBBmCriticalmThinking
Topicm:mAccountingmInformation:mAmMeansmtomanm
EndmTopicm:mManagementmAccountingmInformation
Topicm:mIntegritymofmAccountingmInformati
onmTopicm:mInformationmSystems
Accessibilitym:mKeyboardmNavigatio
nmTypem:mStatic
Difficultym:m2mMedium
Accessibilitym:mScreenmReadermCompatible



3) Listedmbelowmaremsevenmaccountingmorganizationsmintroducedminmthismchapt
er:mFinancialmAccountingmStandardsmBoard
PublicmCompanymAccountingmOversightmBoar
dmInternalmRevenuemService
AmericanmAccountingmAssociationmIn
stitutemofmInternalmAuditorsmSecurities
mandmExchangemCommissionm Institutem
ofmManagementmAccountants
Eachmofmthemfollowingmstatementsmmaym(ormmaymnot)mdescribemonemofmthesemorganizations.mInm
themspacemprovided,mindicatemthemorganizationmdescribedmormanswerm"None"mifmthemstatementmdoe
smnotmaccuratelymdescribemanymofmthemorganizations.
(A) Privatemorganizationmmostmdirectlyminvolvedminmthemdevelopmentmandmissuancemofmaccounti
ngmstandards
(B) Governmentmagencymthatmregulatesmfinancialmreportingmbympublicly-heldmcompanies
(C) Organizationmdedicatedmtomthemadvancementmofmaccountingmeducationmandmresearch
(D) Internationalmorganizationmdedicatedmtomthemadvancementmofminternalmauditing
(E) OrganizationmthatmdevelopsmformalmstandardsmformauditingminmthemUnitedmStates
(F) Organizationmmostminvolvedmwithmthemethicalmconductmofmthemaccountantsmworkingmwithi
nmamcompany
Versionm 4
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