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10 Questions

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B&T - ACCA

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Questions and Answers

From which document to obtain how value is created?

Statement of financial position

Statement of profit & loss

Statement of cash flows

Integrated Report (correct)

Who prepares budgets & variance reports?

Treasurer

Financial accountant

Management accountant (correct)

Internal auditor

To which writer does this reference belong to? Managers have three categories of role to perform: interpersonal, decisional & informational

Peter Drucker

Henry Mintzberg (correct)

Henri Fayol

F W Taylor

From which document to obtain repayment of loans?

Statement of cash flows Signup and view all the answers

Who is an independent private sector body that develops and approves IFRS (International Financial Reporting Standards)

International accounting standards board (IASB) Signup and view all the answers

What is the following appraisal approach called? A system or process in which employees receive confidential, anonymous evaluations from the people who work around them. This typically includes manager, peers, and direct reports.

360 degree approach Signup and view all the answers

Which word correctly completes this sentence? The leadership style that least acknowledges the contribution that subordinates have to make is?

Autocratic Signup and view all the answers

Which is the correct team development for the following? New standards evolve and new roles are adopted. Intimate & personal opinions are expressed

Norming Signup and view all the answers

What is big data analytics?

Detecting unusual patterns in key accounting ratios. Predicting the probability of key risks materialising and collects & examins large amounts of data Signup and view all the answers

What is blockchain?

Eliminates the need for data to be stored & managed centrally and accurate transparent record to be charges between organisations Signup and view all the answers