Accounting

15-22: Study Appendix 15A. What is the role of cost-benefit (economic feasibility) in the

development of accounting principles?

18

From last question

Desirable features of MCQs.

A desirable multiple choice questions will be composed of the following features:

1) The items added in the multiple choice questions should differ in their degree of correctness and relevance. Some of the items may be completely incorrect while some are correct. However, there is one item that is visibly more correct than other alternatives. This item is the best answer whereas the other alternatives serves as distractors.

2) The alternatives should be listed vertically and in a rational/ logical manner.

3) The questions are clear and direct. They do not use double negatives and complex structures as they can degenerate into a test of logic.

4) There is only one unambiguously correct response to each question.

5) The distracters are plausible which may sound correct to an incompetent student yet they are completely wrong .

6) The MCQs would ask the students to slect the best sutiable answer instead of the correct answer.

7) The first few questions are relatively easier and quick to solve and help the student to calm down to focus more on the challenging items to be answered.

Question 17

Prepare a business report

Six Sigma

The implementation of Six Sigma is meant to influence the bottom line. In an organization, the involvement of Six Sigma begins with the operations and then paves its way through design and eventually the key supporting areas.

Owing to the nature of regulatory compliance, Finance and accounting departments bear higher expectations with regards to integrity and accuracy. Yet, no sort of improvement has ever been considered crucial in the F/A department. It is certainly not possible to bring about significant improvements in a department in a short span of time. In a nutshell, a lot of reengineering and changes are required to...