Tag: Ethics

Accounting Multiple Choice Question – 17 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

apple devices books business coffee
Photo by Serpstat on Pexels.com

Which ONE of the following attributes are identified by Phillipa Foster-Back as being typical of ethical business leaders?

Select ONE answer:

  1. Empathy
  2. Accountability
  3. Honesty
  4. Authority

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct == > Empathy, accountability and authority were not among them. Fair mindedness, Honesty, Ability to listen, Courage + Openness are characteristics of an ethical business leader.
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 16 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Nataliya Vaitkevich on Pexels.com

Which ONE of the following attributes are identified by Phillipa Foster-Back as being typical of ethical business leaders?

Select ONE answer:

  1. Empathy
  2. Accountability
  3. Authority
  4. Fair mindedness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > Empathy, accountability and authority were not among them. Fair mindedness, Honesty, Ability to listen, Courage + Openness are characteristics of an ethical business leader.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 15 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Pixabay on Pexels.com

Kevin is the Finance Director of Big Staffie plc is a chartered accountant.

He has received notice that, in respect of Big Staffie plc’s financial statements, she could be subject to disciplinary proceedings by the
Professional Standards department of ICAEW, or by the Financial Reporting Council’s professional discipline team.

The latter will only be involved if the matter raises issues affecting?

Select ONE answer:

  1. The public interest
  2. The independence of the auditors
  3. Corporate governance
  4. International accounting standards

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct == > The Financial Reporting Council’s professional discipline team in its Conduct Division investigates specifically those cases that raise important issues affecting the public interest.
  2. Not correct
  3. Not correct
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 14 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Nataliya Vaitkevich on Pexels.com

The recent financial statements of Big Staffie plc, a company listed on the London Stock Exchange, departed from the requirements of certain relevant accounting standards and provisions of the Companies Act 2006.

Big Staffie plc is therefore likely to be referred to which of the following regulatory bodies?

Select ONE answer:

  1. The Prudential Regulation Authority
  2. The Financial Conduct Authority
  3. ICAEW
  4. The Financial Reporting Council

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > The FRC, via the Conduct Division’s Financial Reporting Review Panel, investigates departures from relevant accounting standards by large companies such as those listed on the LSE.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 13 April 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Pixabay on Pexels.com

The Professional Standards department of ICAEW is responsible for implementing ICAEW’s disciplinary procedures, including the handling of complaints against members.

A consultant has stated to Bash & Co that complaints are usually that a member or firm:

1 Has departed from guidance
2 Has brought ICAEW, the profession or themselves into disrepute
3 Is in breach of a principle

Which of the statements are true?

Select ONE answer:

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1,2 and 3

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct == > True True and False
  2. Not correct
  3. Not correct
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.