Intermediate Financial Accounting Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the vision pursued by the Institute of Cost Accountants of India?

  • Cost competitiveness, cost management, efficient use of resources, and structured approach to cost accounting (correct)
  • Emphasis on tax planning and evasion
  • Maximizing profits and minimizing expenses
  • Promotion of traditional accounting methods
  • What is the primary obligation of the Institute of Cost Accountants of India?

  • Providing legal services to businesses
  • Promoting marketing strategies
  • Regulating the profession of Cost and Management Accountancy (correct)
  • Maximizing shareholder wealth
  • What year was the Institute of Cost Accountants of India established?

  • 1959 (correct)
  • 1980
  • 1965
  • 1972
  • What are professionals associated with the Institute known as?

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

    What does the Institute provide for its students as part of its obligation?

    <p>Coaching facilities</p> Signup and view all the answers

    Study Notes

    Vision and Obligations of the Institute of Cost Accountants of India

    • The Institute of Cost Accountants of India pursues a vision of being a premier professional institution, committed to the development and regulation of the profession of cost accountancy.

    History and Establishment

    • The Institute of Cost Accountants of India was established in 1959.

    Professionals Associated with the Institute

    • Professionals associated with the Institute of Cost Accountants of India are known as Cost Accountants.

    Obligations to Students

    • As part of its primary obligation, the Institute provides technical guidance, training, and education to its students.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge of financial accounting with this intermediate-level quiz. Covering topics such as cost and management accountancy, this quiz is a great way to gauge your understanding of the subject.

    More Like This

    Intermediate Financial Accounting Quiz
    5 questions
    2016 Intermediate Financial Accounting Quiz
    5 questions
    Intermediate Level Accounts Payable Quiz
    5 questions
    Use Quizgecko on...
    Browser
    Browser