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Accounting
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Why?
Accounting standard
What is the global standard for accounting?
Generally Accepted Accounting Principles (GAAP)
Chinese Accounting Standards
International Financial Reporting Standards (IFRS)
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Why?
Accounting standard
What is the benefit of having transparent accounting standards?
It makes it harder to do business in a country
It has no effect on doing business in a country
It makes it easier to do business in a country
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Why?
Accounting standard
What is the accrual basis of accounting?
A method of accounting that is simple and straightforward
A method of accounting that requires additional disclosures
A fundamental accounting assumption
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Why?
E-accounting
What is the advantage of online accounting through a web application?
It is free of charge
It requires no internet connection
It has hidden costs associated with traditional accounting software
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Why?
E-accounting
What are some of the functions involved in e-accounting?
Marketing and advertising
Accounts payable and accounts receivable
Human resources
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Why?
E-accounting
What is e-accounting?
The use of paper-based accounting processes
The application of online and Internet technologies to the business accounting function
The use of traditional accounting software
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Why?
Accounting
What is the purpose of auditing in accounting?
The purpose of auditing is to provide an independent opinion on the quality of an organization's products or services.
The purpose of auditing is to provide an independent opinion on the effectiveness of an organization's management.
The purpose of auditing is to provide an independent opinion on the fairness of an organization's financial statements.
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Why?
Accounting
What is the difference between financial accounting and management accounting?
Financial accounting is focused on providing information to internal stakeholders, while management accounting is focused on providing information to external stakeholders.
Financial accounting and management accounting are the same thing.
Financial accounting is focused on providing information to external stakeholders, while management accounting is focused on providing information to both internal and external stakeholders.
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