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45.
Which of the following are
not
considered "external" users of financial statements?
46.
Financial statements are designed primarily to:
47.
The principal difference between management accounting and financial accounting is that
financial
accounting
information is:
48.
Which financial statement is prepared as of a specific date?
49.
In comparison with a financial statement prepared in conformity with generally accepted
accounting principles, a management accounting report is
more
likely to:
50.
Which of the following decision makers is
least
likely to be among the users of
management accounting reports developed by Sears Roebuck and Co.?
51.
Which financial statement is primarily concerned with reporting the financial position of a
business at a particular time?
52.
Financial statements are prepared:
53.
Financial statements may be prepared for which time period?
54.
Which of the following is generally
not
considered an external user of accounting
information?
55.
Although accounting information is used by a wide variety of external parties, financial
reporting is primarily directed toward the informational needs of:
56.
Investors may be described as:
57.
Of the following objectives of financial reporting, which is the
most
specific?
58.
Investors and creditors are interested in the probability that their original investment or
loan will eventually be returned, and that they will receive a reasonable return while their
funds are invested or borrowed. These expectations are collectively referred to as:
59.
A complete set of financial statements for Citywide Company, at December 31, 2014,
would include each of the following,
except
:
60.
The general purpose financial statements prepared annually by a corporation would
not
include the:
61.
Which of the following is a characteristic of financial accounting information?
62.
Which of the following statements is considered a "snapshot" of the business in financial
or dollar terms?
63.
Objectives of financial reporting to external investors and creditors include preparing
information about all of the following
except
:
64.
Financial accounting information is characterized by all of the following
except
:
65.
It is the function of management accounting to perform the following activities,
except
:
66.
All of the following are characteristics of management accounting,
except
:
67.
Internal users of financial accounting information include all of the following
except
:
68.
Which of the following is
not
a user of internal accounting information?
69.
Characteristics of internal accounting information include all of the following
except
:
70.
Which of the following is
not
an important factor in ensuring the integrity of accounting
information?
71.
Generally accepted accounting principles:
72.
The Sarbanes-Oxley Act of 2002 created:
73.
Overseeing a company's affairs to ensure that the company is managed with the best
interest of shareholders in mind is called:
74.
The basic purpose of an audit is to:
75.
Audits of financial statements are performed by:
76.
The auditor's report on the published financial statements of a large corporation should be
viewed as:
77.
The set of standards, assumptions, and concepts that form the "ground rules" for financial
reporting in the United States is termed:
78.
The basic purpose of generally accepted accounting principles is to:
79.
Establishing international accounting standards is the responsibility of:
80.
Generally accepted accounting principles are intended to assist accountants in preparing
financial statements that:
81.
Which of the following is
not
an objective of generally accepted accounting principles?
