Modern Trends in Accounting Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Which of the following is NOT an emerging practice in managerial accounting today?

Question 2 2. Which country does NOT employ IASB accounting standards?

Question 3 3. Behavior management techniques can help to understand high costs associated with work that doesn't pass inspection due to _____.

Question 4 4. Name a trend in cost accounting.

Question 5 5. What prompted the increased demand by businesses for cost accounting methods?

Page 2

Question 6 6. Which trend in cost accounting forces accountants to be more adept at understanding employees?

Question 7 7. When a company wants to measure costs, both marginal and actual, what discipline is this?

Question 8 8. If Deputy Dog Food wants to keep only enough inventory in stock to meet customer demand, what type of system is it using?

Question 9 9. What is the difference between managerial accounting and management accounting?

Question 10 10. Managerial accounting considers _____.

Page 3

Question 11 11. The era of predictive analytics allows organizations to _____.

Question 12 12. The primary purpose of managerial accounting is _____.

Question 13 13. With predictive accounting, organizations plan operations around the prediction of factors that affect _____.

Question 14 14. What is one reason that forensic accounting has grown in recent years? Choose the best answer.

Question 15 15. What are examples of unlawful acts that forensic accounting can help prevent?

Page 4

Question 16 16. What happens to a company that fails to comply with Obamacare?

Question 17 17. What does the abbreviation IASB stand for?

Question 18 18. Do you have to become certified to become a forensic accountant?

Modern Trends in Accounting Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Accounting 303: Cost Accounting  /  Business Courses
Support