F1 Chapter 7 Questions
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I got 100%
I Got 66.7%
100%
question 2 stated write FOUR characteristics of management accounts but the right choices are only three.
Not audited, Not regulated, Internal and looking forward and backwards are all features of Management accouting
You have to scroll down to see all options. The question and answer are correct.
100
honesty is integrity. You said mention 5 not 6.
The precise word used to describe the fundamental principles is ‘integrity’, not ‘honesty’. In everyday speech we might regard these as synonyms, but for these exams the precise term is needed. As explained in the lectures, integrity is more far-reaching than honesty eg you have to stick up for your beliefs in what is right and wrong.
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i got 80%, -missed the one which states about IESBA (International Ethics Standards Board for Accountants).