Intermediate Financial Accounting Quiz
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Questions and Answers

What year was the Institute of Cost Accountants of India set up?

  • 1959 (correct)
  • 1980
  • 1965
  • 1973

    • What is the main obligation of the Institute of Cost Accountants of India?

  • Enrolling students for general accounting courses
  • Offering research programmes in various fields
  • Regulating the profession of Cost and Management Accountancy (correct)
  • Providing coaching facilities to other accounting professionals

    • What specialized knowledge do the professionals from the Institute of Cost Accountants of India possess?

  • Evaluating operating efficiency and strategic management (correct)
  • Financial statement analysis and investment management
  • Tax accounting and financial auditing
  • Forensic accounting and fraud examination

    • What does the Institute of Cost Accountants of India pursue as the key drivers of the profession?

    <p>Cost competitiveness, cost management, efficient use of resources, and structured approach to cost accounting</p> Signup and view all the answers

    What professional designation are the professionals from the Institute of Cost Accountants of India known as?

    <p>Cost and Management Accountants (CMAs)</p> Signup and view all the answers

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