8/28/23, 10:02 AM Topic 1 Quiz: 2023-HS2-ACC30008-Accounting theory Topic 1 Quiz Due No due date Points 100 Allowed attempts Unlimited Questions 10 Time limit 20 Minutes Instructions This is a practivce quiz and no credits allocated Take the quiz again Attempt history Attempt Attempt 1 Time Score LATEST less than 1 minute 20 out of 100 Submitted 28 Aug at 10:02 Question 1 10 / 10 pts Which of the following statements is/are true? The role of the accountants is changing, due to changes in economic activities, societal expectations and developments in technology .. Accounting is not a precise uncontested technical exercise .. Financial accounting is principles based and the application off appropriate accounting and reporting requires professional judgementt. Correct! C All of the above. https://swinburne.instructure.com/courses/53070/quizzes/287722 1/6
8/28/23, 10:02 AM Topic 1 Quiz: 2023-HS2-ACC30008-Accounting theory Question 2 10 / 10 pts Accounting theory can be described as: being based only on observations .. Correct! description, explanation or prediction of accounting practice based on observations and/or logical reasoning. a set of facts, specific in nature, against which accounting practice can be evaluated. being irrelevant to the development of new practice and procedures .. Question 3 0 / 10 pts Which of the following statements is correct in relation to the purpose of theory? orrect answer some theories explain, while others describe what is happening. all theories do the same thing .. pu Answered they make suggestions and dictate what action must be taken. theories only make predictions about whatt will happemimthe future .. Question 4 0 / 10 pts A reason why someone may accept a theory without having 'first hand' or direct knowledge of the topic are: https://swinburne.instructure.com/courses/53070/quizzes/287722 2/6
Topic 1 Quiz: 2023-HS2-ACC30008-Accounting theory 8/28/23, 10:02 AM Du Answered 1 Other people choose not to accept the theory. Lack of knowledge regarding the authority of the source of the theory .. orrect answer The theory makes sense and fits with personal experiences and beliefs. Evidence exists that refutes the theory .. Question 5 0 / 10 pts Which of the following statements is incorrect in relation to critical accounting? orrect answer It aims to critically analyse inefficient accounting practices. It aims to develop a critical understanding of the role of accounting processes and practices in the functioning of society and organisations .. A critical understanding of the role that accounting plays can be used to engage in change. Du Answered It aims to develop a critical understanding of the role of the accounting profession in the functioning of society and organisations. Inanswered Question 6 0 / 10 pts Research in accounting would not consider the following question: 3/6 --- https://swinburne.instructure.com/courses/53070/quizzes/287722