ACC426 NOUN TMA Past Questions & Answers 2019

1. Question
The concepts of responsibility accounting are devised to ...
Answer
Place performance evaluation into a manageable context

2. Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency, and inflation

3. Question
Ratios such as ROA and ROCE are methods of
Answer
Financial analysis

4. Question
Sales growth and cost reduction is a measure to
Answer
Evaluate the results of business organization

5. Question
Techniques of financial analysis include the following except one
Answer
Graphs, common-size analysis, and measurement

6.Question
The geographical spread is one
Answer
Characteristic of MNCs

7. Question
Another name for Multinational corporation is
Answer
All of the above

8. Question
Accounting education and training is one practical implementation of
Answer
IFRS

9.Question
Advising the Federal Government of Nigeria on matters on matters relating to accounting and financial reporting standards is the role of
Answer
FRCN

10. Question
IFAC was established in
Answer
1977

11. Question
Obstacles for harmonization of accounting standards include but except one
Answer
IFRS and FRCN

12. Question
The reasons for harmonization of accounting standards include the following except one
Answer
Debentures holders

13. Question
IASC means
Answer
International accounting standard committee

14. Question
Accounting professions and standard setters are one
Answer
Reason for harmonization of accounting standards

15.Question
The most successful body involved in harmonization is
Answer
IASC/IASB

16. Question
Harmonization simply implies
Answer
Uniformity

17. Question
Differences in the existing accounting practices are due to
Answer
All of the above

18. Question
The owners of a company delegate control and the evaluation of the management to who?
Answer
The board of directors

19.Question
Factors influencing Accounting development are mainly grouped into
Answer
5

20. Question
Generally, it is believed that Accounting history can be traced to Luca Pacioli in year
Answer
1494
 

La2ush

Moderator
21.Question
The concepts of responsibility accounting are devised to ...
Answer
Place performance evaluation into a manageable context

22. Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency, and inflation

23. Question
Ratios such as ROA and ROCE are methods of
Answer
Place performance evaluation into a manageable context

24. Question
In developing MNC evaluation systems, the following are considered except one
Answer
Transfer cost, national currency and inflation

25. Question
Ratios such as ROA and ROCE are methods of
Answer
Financial analysis

26. Question
Sales growth and cost reduction is a measure to
Answer
Evaluate the results of business organization

27. Question
Techniques of financial analysis include the following except one
Answer
Graphs, common-size analysis and measurement

28. Question
Geographical spread is one
Answer
Characteristic of MNCs

29. Question
Another name for Multinational corporation is
Answer
All of the above

30. Question
Accounting education and training is one practical implementation of
Answer
IFRS

31. Question
IFAC was established in
Answer
1977

32. Question
Obstacles for harmonization of accounting standards include but except one
Answer
IFRS and FRCN

33. Question
The reasons for harmonization of accounting standards include the following except one
Answer
Debentures holders

34. Question
IASC means
Answer
International accounting standard committee

35. Question
Accounting professions and standard setters are one
Answer
Reason for harmonization of accounting standards
 
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