南京财经大学国际会计选择题练习.doc

Test Bank for Chapter 1 Multiple Choice Questions 1. Which of the following variables play a role in shaping accounting development? a. nature of capital markets b. type of reporting regime c. type of business entities d. All of the above. e. Both a and c. 2. High levels of financial disclosure are generally found in countries a. where businesses raise their capital from a large and diverse investor/creditor group. b. where businesses raise their capital from the government. c. where there is a limited number of owners. d. where the sophistication of the financial community is not very high. e. where the cost of publishing financial statements is high. 3. In countries where business capital needs are provided by only a few very large banks a. the level of disclosure in financial statements tends to be high. b. companies tend to devote significant resources to make their annual reports attractive. c. companies tend to use income-increasing accounting methods. d. companies tend to understate reported earnings. e. All of the above. 4. Which of the following does not affect a countrys financial accounting orientation? a. The level of inflation. b. Political and economic ties with other countries. c. Status of the accounting profession. d. Quality of accounting education. e. All of the above affect a countrys financial accounting orientation. 5. In countries with micro-oriented accounting systems, the role of accounting is a. to provide investors with information on the true position of companies. b. to reflect the effect of government economic policies in company accounts. c. to provide inputs for industry or national accounting reports. d. to determine the tax liability of business entities. e. All of the above. 6. Which of the following is not true about accountings role in a macro-oriented environment, a. to provide investors with information on the true position of companies. b. to reflect the effect of government economic policies in comp