Accounting Research and Analysis
Textbook Exam Questions
Course Introduction
Accounting Research and Analysis introduces students to the principles and methods of conducting rigorous research in the field of accounting. The course emphasizes identifying research questions, reviewing academic literature, and applying both qualitative and quantitative techniques to analyze accounting phenomena. Students learn how to interpret accounting data, evaluate the quality of financial information, and communicate research findings effectively. Through case studies and practical assignments, the course fosters critical thinking and prepares students to contribute to evidence-based decision-making and accounting scholarship.
Recommended Textbook
Contemporary Issues in Accounting 2nd Edition by Michaela Rankin
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12 Chapters
226 Verified Questions
226 Flashcards
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Page 2
Chapter 1: Contemporary Issues in Accounting
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18 Verified Questions
18 Flashcards
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Sample Questions
Q1) An example of how theory can help to identify problems and deficiencies with current accounting practice and improve accounting practice is:
A)corporate social responsibility theory.
B)the conceptual framework for accounting.
C)agency theory and the conceptual framework for accounting.
D)corporate social responsibility theory and the conceptual framework for accounting.
Answer: D
Q2) Deduction can best be described as:
A)The process of developing specific predictions from theories.
B)The process of moving from particular instances of something to a general conclusion.
C)Coming to a conclusion through a process of elimination.
D)The process of developing numerous conclusions or theories.
Answer: A
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Chapter 2: The Conceptual Framework for Financial Reporting
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17 Flashcards
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Sample Questions
Q1) The IASB distinguishes between two types of prudence: I.Cautious prudence
II)Non-cautious prudence
III)Symmetric prudence
IV)Asymmetric prudence
A)I and III.
B)II and IV.
C)II and III.
D)I and IV.
Answer: D
Q2) Which of the following questions does the Conceptual Framework NOT answer?
A)What type of information should be included in financial reports?
B)Who are financial reports for?
C)What is the purpose of the financial reports?
D)What exact measurement basis should be used in financial reports?
Answer: D
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Chapter 3: Standard Setting
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Sample Questions
Q1) Signalling Theory postulates that:
A)Regulation is largely unnecessary.
B)Non-disclosing entities will do better in the market for finance.
C)Regulation decreases the cost of capital.
D)Financial reporting is a pointless activity.
Answer: A
Q2) Which of the following is NOT a function of the AASB? standard setting.
A)Participate in the development of international accounting standards.
B)Making accounting standards.
C)Promoting international accounting standards.
D)Enforcing compliance with accounting standards.
Answer: D
Q3) Which of the following is NOT a disadvantage of regulation?
A)It can restrict communication.
B)It can be difficult to reverse.
C)It leads to standardisation.
D)It can be difficult to determine the optimal regulations.
Answer: C
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Chapter 4: Measurement
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Sample Questions
Q1) Intangible assets have been identified as one of the hardest area to value because:
A)It is difficult to measure an asset with no physical substance.
B)They are one of the most important assets on the balance sheet.
C)There are too many markets to choose from.
D)All of the above.
Q2) Which measurement system would seem most relevant to creditors?
A)Current cost.
B)Historic cost.
C)Fair value.
D)Deprival value.
Q3) Which of the following is NOT a reason measurement is a controversial accounting issue?
A)It can affect how entities are perceived.
B)It can be quite subjective.
C)It is not a political issue.
D)It does not lead to consistent recording.
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Chapter 5: Theories in Accounting
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Sample Questions
Q1) Which of the following is NOT considered a stakeholder according to the managerial branch of stakeholder theory?
A)Customers.
B)Communities.
C)Competitors.
D)None of the above,i.e.they are all considered stakeholders.
Q2) According to institutional theory which of the following statements is NOT true about corporate social and environmental disclosure:
A)Within industries the nature of the disclosure is likely to diverge over time.
B)It will be heavily influenced by regulation.
C)Well organised external stakeholders will lead to increased disclosure.
D)None of the above,i.e.they are all true.
Q3) Agency theory concentrates on:
A)two agency relationships.
B)multiple agency relationships.
C)one agency relationship.
D)three agency relationships.
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Chapter 6: Products of the Financial Reporting Process
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Sample Questions
Q1) The kinds of information likely to be included in the annual report includes:
A)Occupational health and safety disclosures.
B)Corporate governance.
C)Environmental performance.
D)All of the above.
Q2) Intangible assets are defined as:
A)Identifiable non-monetary assets without physical substance.
B)One-sided financial assets.
C)Unidentifiable assets without physical.
D)All of the above.
Q3) Legitimacy theory suggests that corporate social disclosure will be used to:
A)Disclose all firm activities,good or bad.
B)Signal deeply held ethical values of the entity.
C)Manage the concerns of key stakeholders.
D)The minimal degree possible.
Q4) What is NOT one of the key elements of control?
A)Influence over returns.
B)Ownership.
C)Variable returns.
D)None of the above,i.e.they are all elements of control.
Page 8
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Chapter 7: Corporate Governance
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21 Flashcards
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Sample Questions
Q1) When it comes to corporate governance many commentators have argued the most important factor is:
A)Personal ethics.
B)Strong accounting systems.
C)Harsh legal penalties.
D)Codes of practice.
Q2) Which of the following is NOT a significant influence on actual corporate governance practice?
A)The commitment of management.
B)The nature of the requirements.
C)The environment in which the entity operates.
D)None of the above,they are all significant.
Q3) Which of the following statements is most correct?
A)Corporate governance not relevant to family entities.
B)Corporate governance is only relevant to listed entities.
C)Corporate governance is only relevant to developed economies.
D)Corporate governance is relevant to most companies globally.
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Chapter 8: Capital Markets Research and Accounting
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19 Flashcards
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Sample Questions
Q1) One of the criticisms of capital markets research is:
A)It is only normative research.
B)It focuses too much on social preferences.
C)It is mainly focussed on US data.
D)It is mainly qualitative.
Q2) Which of the following has been found to suggest that the users of financial statements are either unwilling or unable to unravel the effects of earnings management?
A)Management engaging in 'big bath' accounting.
B)Managers using discretionary accounting to increase their compensation.
C)Managers using income smoothing to increase share price.
D)All of the above.
Q3) Which of the following is NOT one of the three key assumptions underlying capital markets research:
A)Expectations about dividends determine market price for shares.
B)Accounting information can be used to form expectations about profitability.
C)Expectations about profitability inform expectations about dividends.
D)None of the above,i.e.they are ALL assumptions underlying capital markets research.
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Chapter 9: Earnings Management
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Sample Questions
Q1) Which of the following is NOT an accrual accounting technique that could be used to manage earnings?
A)Adjusting closing inventory valuations.
B)Under-provisioning for bad debts.
C)Delaying asset impairments.
D)None of the above,they could all be used to manage earnings.
Q2) With regards to inventory which of the following would be classed as conservative accounting?
A)Consistently and quickly applying the lower of cost and net realisable value rule.
B)Being slow to write down slow-moving inventory.
C)Still recording obsolete inventory as an asset.
D)Overstating inventory by including non-existent inventory in accounts.
Q3) Researchers examining share price reactions to evidence of fraudulent reporting have concluded that:
A)Markets are generally surprised by the information.
B)Markets are highly efficient.
C)Markets interpret the discovery as good news.
D)Share prices are generally unaffected.
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Chapter 10: Fair Value Accounting
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Sample Questions
Q1) Which of the following is NOT part of the old definition of fair value?
A)An arms-length transaction.
B)The amount an asset could be exchanged for.
C)The amount a liability could be settled for.
D)At measurement date.
Q2) Which of the following is NOT a transaction cost that should be considered in the calculation of fair value?
A)Costs associated with marketing the item.
B)Transport costs.
C)Agent's selling fees.
D)None of the above,i.e.they are all transaction costs.
Q3) Where there is a difference between fair value at initial recognition and cost,assuming no other standard prohibits it,the entity should?
A)Immediately adjust the value and recognise profit or loss.
B)Ignore the difference as there should be no day one gain or loss.
C)Amortise the difference over the useful life of the item.
D)Pay more or less for the item to make the figures equal.
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Chapter 11: Sustainability and Environmental Accounting
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Sample Questions
Q1) ISO 14001 Environmental Management requires certifying companies to assess environmental performance against:
A)Industry benchmarks.
B)Government set standards.
C)Internally developed policies,objectives and targets.
D)Internationally established values.
Q2) In regards to the Global Reporting Initiative (GRI),Which of the following is true: A)it was launched in 1997 as an initiative to develop a globally accepted reporting framework.
B)it includes 55 core indicators and 29 additional indicators across environmental,economic and social performance areas.
C)it is the most widely recognised and commonly used guidelines for sustainability reporting.
D)all of the above.
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Chapter 12: International Accounting
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Sample Questions
Q1) To what does International Accounting refer?
A)Comparison of accounting practices between countries.
B)Accounting for international transactions.
C)Descriptions of accounting practices in different countries.
D)All of the above.
Q2) China's acceptance of international accounting standards would be best described as:
A)Harmonisation.
B)Convergence.
C)Adoption.
D)Indifference.
Q3) Which of the following is NOT a level that can be used to define international accounting?
A)Company.
B)Comparative.
C)Supranational.
D)None of the above,i.e.they are all levels of international accounting.
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