Accounting MCQ Questions

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Accounting mcq

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Which of the following is NOT a database management task?
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Which of the following is NOT a characteristic of effective information?
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The objectives of the data collection activity of the general model for Accounting Information Systems are to collect data that are:
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Which of the following is NOT a purpose of the Transaction Processing System?
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The following are subsystems of the Accounting Information System, EXCEPT
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Which of the following is NOT a financial transaction?
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What is the present value of a $100 perpetuity if the interest rate is 7%? If interest rates doubled to 14%, what would its present value be?
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Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually
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To find the present value of an uneven series of cash flows, you must find the PVs of the individual cash flows and then sum them. Annuity procedures can never be of use, even when some of the cash flows constitute an annuity because the entire series is not an annuity. True or false Explain
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If a firm’s earnings per share grew from $1 to $2 over a 10-year period, the total growth would be 100%, but the annual growth rate would be less than 10%. True or false Explain. (Hint: If you aren’t sure, plug in some numbers and check it out.)
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Define the following:
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Distinguish among the following concepts:
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Contrast the consolidated effects of the parent company concept and the economic entity concept in terms of:
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