Question 1.

Corporate reporting has three functions: information function, transformation function and deliberation function.

True

False

Question 2.

Which one of the following might not be one of the characteristics of good corporate reporting

Completeness

Reliability

Comparability

Conflict

Question 3.

Corporate reporting include the reporting mechanism for both financial and nonfinancial information

True

False

Question 4.

A Report that is suggested to be published regularly showing the commitment (present and future) of the organisations which are meeting the values for sustainable development is called

Corporate Report

Public Report

Management Report

Employee Report

Question 5.

Which of the following principle refers to achieving the degree of exactness and low margin of error in reported information necessary for users to make decisions with a high degree of confidence

Reliability

Clarity

Completeness

Accuracy

Question 6.

The GAAP (Generally Accepted Accounting Principles) is rarely used in the whole world as standard accounting principles except which of the following

China

Europe

UK

USA

Question 7.

The basic financial statements include a Balance sheet, Income statement and which of the following

Cash Flow Statement

Cash At Hand Statement

Total Assets Statement

Receivable Statement

Question 8.

Those assets that are to be consumed within the 12 months financial period of any company is called

Current Assets

Financial Assets

Long Term Assets

Fixed Assets

Question 9.

Which of the following might not be included in the non-financial statements

Business Model

Management View On The Business Outlook

Income Statement

Strategy And Intensions

Question 10.

True performance is measured against both financial target and non-financial ------------------- that are used to manage the business.

Economic Objectives

Monetary Objectives

Financial Objectives

Operational Objectives