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?

<p>Statement of cash flows (A)</p> Signup and view all the answers

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

<p>International accounting standards board (IASB) (C)</p> 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.

<p>360 degree approach (B)</p> 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?

<p>Autocratic (B)</p> 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

<p>Norming (A)</p> Signup and view all the answers

What is big data analytics?

<p>Detecting unusual patterns in key accounting ratios. Predicting the probability of key risks materialising and collects &amp; examins large amounts of data (B)</p> Signup and view all the answers

What is blockchain?

<p>Eliminates the need for data to be stored &amp; managed centrally and accurate transparent record to be charges between organisations (B)</p> Signup and view all the answers

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