1) Depreciation expense is presented in a) Statement of profit or loss b) Statement of changes in equity c) Statement of financial position d) Statement of cash flow 2) In Statement of Financial Position, assets are reported as a) Short term and long term assets b) Current and recurrent assets c) Current and noncurrent assets d) Fixed and current asset 3) In Statement of Cash Flow, activities are reported as follows except a) Investing b) Financing c) Operating d) Recurring 4) Notes to the financial statements are a) Not audited b) Part of financial statements c) Are not compulsory for reporting d) Are optional for presentation of financial statement 5) Other Comprehensive Income includes a) Accumulated depreciation b) Revaluation reserve c) Interest expense d) Intangible assets 6) General purpose of financial statement is to a) Provide information for investors b) For Malaysian Institute of Accountants c) Only to be used by management of companies d) To make it easy to sell the companies' products 7) Statement of Cash Flow provides information as follows except a) Cash at the beginning of the period b) Biological asset c) Investment in fixed deposit d) Cash equivalents 8) Identifying the performance of the company in terms of its profit is the purpose of providing a) Statement of profit or loss b) Other comprehensive income c) Financing activities in statement of cash flow d) Liability section in statement of financial position 9) Expenses in the profit or loss are a) Are separated into current and non current items b) Are presented according to function c) Must be disclosed separately for all types of expenses d) Must be ordered according to liquidity 10) Siapakah nama penceramah program ini? a) Akmaria Mohamad Ariff b) Akmalia Mohamad Ariff c) Asmalia Mohd Ariffin d) Akmalin Mohd Ariffin
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