Accounting ethics exam 1 - Study guides, Class notes & Summaries

2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS When choosing between two solutions, the one that will be least likely to overstate assets and income should be selected. Correct Answer: Conservatism Assumption States that an amount can be ignored if its effect on the financial statements is small and not misleading Correct Answer: Materiality Principle Once you adopt an accounting principle or method, continue to follow it consistently in future accounting peri...

DC Property Manager Exam – Questions with 100% Correct Answers | Updated 2024 Management Plan - Answer ️️ -1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Answer ️️ -Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives - Answer ️️ -Theoretical costs and...

Which of the following BEST describes the purpose of training based upon risk assessment findings? A.) Reducing the organization's legal exposure B.) Educating employees on laws and regulations C.) Educating the board on the compliance program D.) Reducing the organization's insurance premiums A compliance and ethics professional investigates a report of sexual harassment. The incident does not constitute sexual harassment, but reveals the employee's misunderstandings of the harassmen...

AICPA ETHICS FINAL {ALL COMBINED} COMPLETE SET REAL EXAM QUESTIONS & CORRECT ANSWERS What are the 10 steps in the ethical decision making model? - ANSWER Step One: Recognize the Ethical Issue Step Two: Gather the Critical Facts Step Three: Identify the Stakeholders Step Four: Consider Alternatives Step Five: Consider the Effect on Stakeholders Step Six: Consider Your Comfort Level Step Seven: Consider Rules, Regulations, and Laws Step Eight: Make a Decision Step Nine: Document y...

Accounting Ethics Exam 1 With 100% Correct And Verified Answers

Accounting Ethics Exam 1 With 100% Correct And Verified Answers

Accounting Ethics Exam 1 With 100% Correct And Verified Answers

LARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% CorrectLARE EXAM 1()Questions and Answers 100% Correct Outline the business relationships between the three principal parties that are involved in a landscape construction project (Their obligations) - ANSWER1. Owner/ client - initiate the project ; signs separate contracts for completion, & responsible for funding design & construction 2. Contractor - hired ...

Deontology is a school of ethical thought that: a)Considers the rights and duties of stakeholders b)Defines the "right" course of action in terms of consequences to the decision maker. c)Evaluates the consequences of actions (harms and Benefits) to the stakeholders d)Traces its origins back to the ancient Greeks, Plato and Aristotle e)Is associated with John Rawls of Harvard University - Answer- a)Considers the rights and duties of stakeholders " Value Ethics": a)Considers the right...

Deontology is a school of ethical thought that: a)Considers the rights and duties of stakeholders b)Defines the "right" course of action in terms of consequences to the decision maker. c)Evaluates the consequences of actions (harms and Benefits) to the stakeholders d)Traces its origins back to the ancient Greeks, Plato and Aristotle e)Is associated with John Rawls of Harvard University - ANSWER a)Considers the rights and duties of stakeholders " Value Ethics": a)Considers the rig...