100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for Financial Accounting for Executives & MBAs, 5th Edition by Simko $85.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. ACCT
  4.  
  5. ACCT

Exam (elaborations)

Test Bank for Financial Accounting for Executives & MBAs, 5th Edition by Simko
 22 views  0 purchase
  • Course
  • ACCT
  • Institution
  • ACCT

Test Bank, Practice Exam Quizzes for Financial Accounting for Executives & MBAs 5e 5th Edition by Simko, Wallace, Comprix. ISBN 3661 Chapter 1 The Economic Environment of Accounting Information (pg. 2) Chapter 2 From Business Events to Financial Statements (pg. 38) Chapter 3 Measuring Pe...

[Show more]

Preview 1 out of 386  pages

Document information

  • March 14, 2022
  • 386
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • financial accounting
  • executives
  • mbas
  • simko
  • 9781618533661
  • 5e
  • test bank

Written for

  • ACCT
All documents for this subject (136)

Seller

avatar-seller
Tutor247

Reviews received

Content preview

Chapter 1
The Economic Environment of
Accounting Information

Takeaways – Coverage by Question
Multiple Choice Exercises Problems

TA 1 – Describe the role of financial
accounting in facilitating a properly 8, 27, 56
functioning capital market.

TA 2 – Identify the basic financials 2, 5-7, 9,10,
statements—the income statement, the 14,17,19-22, 25,
1, 3, 6 2- 5
balance sheet, the statement of cash flow, 28, 30-40, 43-55,
and the statement of shareholders’ equity. 58-61

TA 3 – Describe the accounting principles 1, 3, 4, 12, 13,
and the role of accounting in investment 16, 23, 26, 41, 2, 4- 6 1- 3, 6
decisions. 56, 57

TA 4 – Identify the most common myths
24
about financial accounting.


TA 5 – Explain the conflicts of interest that
can arise between managers and
investors, and the costs associated with
11, 15 8
the divergent incentives that can arise
when management and ownership of a
company are separated.


TA 6 – Understand the purpose of GAAP
and identify the ten elements that form the 3, 18, 27-29, 41,
7 6
basic building blocks of the financial 42, 62
statements.




©Cambridge Business Publishers, 2021
Test Bank, Chapter 1 1-1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $85.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78310 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$85.49
  • (0)
  Add to cart