Accounting Research Exam
Bank
Course Introduction
Accounting Research is a graduate-level course designed to introduce students to the process and methodologies of conducting academic and applied research in accounting. The course covers foundational theories, research design, data collection and analysis techniques specific to financial accounting, management accounting, auditing, and taxation. Students critically evaluate existing literature, formulate research questions, and learn how to apply both qualitative and quantitative research methods. Emphasis is placed on ethical considerations, the dissemination of research findings, and the implications of research on accounting policy and practice. By the end of the course, students gain the analytical skills necessary to undertake rigorous research projects and contribute meaningfully to the advancement of the accounting field.
Recommended Textbook
Financial Accounting Theory 3rd Edition by Craig Deegan
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12 Chapters
300 Verified Questions
300 Flashcards
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Chapter 1: Introduction to Financial Accounting Theory
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24 Verified Questions
24 Flashcards
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Sample Questions
Q1) Which of the following terms describes a relationship that is argued from the specific (or particular)to the general?
A) Scientific reasoning
B) Inductive reasoning
C) Deductive reasoning
D) Logical reasoning
Answer: B
Q2) Which of the following is an example of a dominant paradigm in accounting prior to 1960?
A) Current cost accounting
B) Conceptual framework of accounting
C) Historical cost accounting
D) Continuously contemporary accounting
Answer: C
Q3) The sequential stages of deductive reasoning are:
A) Principles, objectives, assumptions and practice
B) Practice, principles, assumptions and objectives
C) Objectives, assumptions, principles and definitions
D) Assumptions, objectives, principles and definitions
Answer: C
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Chapter 2: The Financial Reporting Environment
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24 Verified Questions
24 Flashcards
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Sample Questions
Q1) Financial accounting leads to the generation of:
A) Reports to meet the specific information needs of users
B) Monthly financial reports for management
C) Special purpose financial reports
D) General purpose financial reports
Answer: D
Q2) Which of the following is an example of a normative accounting theory,or research?
A) Conceptual frameworks of accounting
B) Critical perspectives of accounting practice
C) True income theories
D) All of the given options are normative accounting theories
Answer: D
Q3) Which of the following theories asserts that regulators are not initially put in place to protect the public interest,and are driven by self-interest?
A) Private interest theory
B) Public interest theory
C) Capture theory
D) All of the given options are correct
Answer: A
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Page 4
Chapter 3: The Regulation of Financial Accounting
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25 Verified Questions
25 Flashcards
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Sample Questions
Q1) Which of the following is not true about the economic (private)interest theory of regulation?
A) Unlike public interest theory, regulation is not considered to be a commodity that is subject to the principles of supply and demand
B) Regulation serves the private interests of particular parties, including politicians, who are seeking re-election
C) Regulation serves the private interest of politically-effective groups
D) Regulation tends to protect and maintain the ability of those with power and financial wealth to afford to buy lobbying power and votes, and suppresses the ability of others without it
Answer: A
Q2) In the absence of regulation,the 'market for lemons perspective' (Arkerlof,1970)assumes that:
A) There is no incentive for firms to disclose bad news
B) Firms have incentives to disclose both good and bad news
C) No news is good news
D) All of the given options are correct
Answer: B
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Chapter 4: International Accounting
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28 Verified Questions
28 Flashcards
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Sample Questions
Q1) Hofstede (1980)defined culture as:
A) An expression of norms, values and customs which reflect typical behavioural aspects
B) A system of individual values, customs and beliefs
C) The collective programming of the mind, which distinguishes the members of one human group from another
D) A system of societal or collectively-held values
Q2) From 2005,Australia has adopted the IASB standards for:
A) All the reporting entities
B) Multinational enterprises only
C) All the entities listed on the stock markets
D) All entities that prepare consolidated financial statements
Q3) From a practical standpoint,what is the goal of accounting standards harmonisation or convergence?
A) Creating one set of standards used throughout the world
B) Reducing the conflict among national accounting standards
C) Producing accounting standards that are unique for each country
D) Forcing compliance with IASB regulations
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6
Chapter 5: Normative Theories of Accountingthe Case of
Accounting for Changing Prices
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24 Verified Questions
24 Flashcards
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Sample Questions
Q1) Assuming a price index calculated 104.5 in 2008,compared with 100 in 2007,for a bundle of goods,what is the current purchasing power of every dollar,compared to 2007?
A) 95.5 cents in every dollar, on average
B) 95.69 cents in every dollar, on average
C) 96.5 cents in every dollar, on average
D) $1.045 in every dollar, on average
Q2) If historical cost profits are all distributed in dividends during times of rising inventory prices,this will lead to (assuming other things being equal):
A) A reduction in financial capital
B) An erosion of operating capacity
C) No effect on capital
D) None of the given options is correct
Q3) Which of the following measurement models of accounting equate with the perspectives of maintaining the purchasing power of capital intact?
A) General price-level adjustment accounting
B) Current cost accounting
C) Continuously contemporary accounting
D) None of the given options is correct
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Chapter 6: Normative Theories of Accountingthe Case of Conceptual Framework Projects
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28 Flashcards
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Sample Questions
Q1) Which of the following appears to be most influential in developing the objectives of financial reporting and a number of other concepts that have been used as a basis for most conceptual framework projects?
A) Accounting Principles Board (APB) Statement No 4 (1970)
B) The Trueblood Report (1973)
C) The UK Corporate Report (1976)
D) The Stamp Report (1980)
Q2) In Australia,according to SAC 2 'Objective of General-Purpose Financial Reporting',the primary user groups(s)of general purpose financial reports are:
A) Resource providers
B) Recipients of goods and services
C) Parties performing a review or oversight function
D) All of the given options are correct
Q3) Which of the following describes the accounting process?
A) Technical
B) Political
C) Procedural
D) Objective
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Chapter 7: Positive Accounting Theory
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25 Verified Questions
25 Flashcards
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Sample Questions
Q1) According to Positive Accounting Theory,using stock prices to determine bonuses
A) Increases the likelihood of management disclosing good news
B) Increases the likelihood of management disclosing of bad news
C) Increases the likelihood of management disclosing both good and bad news
D) Has no effect on the likelihood of management disclosures
Q2) Which of the following statements is not true about Positive Accounting Theory?
A) It is used to distinguish research aimed at explanation and prediction
B) It is designed to explain and predict which firms will, and which firms will not, use a particular method, and also prescribes which method a firm should use
C) It focuses on the relationships between the various individuals involved in providing resources to an organisation, and how accounting is used to assist in the functioning of these relationships
D) One of the key theories that underpins Positive Accounting Theory is Agency theory
Q3) Watts and Zimmerman's Positive Accounting Theory is:
A) One of several normative theories of accounting
B) One of several positive theories of accounting
C) One of several critical theories of accounting
D) None of the given options is correct
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9
Chapter 8: Unregulated Corporate Reporting Decisions:
Considerations of Systems-Oriented Theories
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Sample Questions
Q1) Which of the following statement is false?
A) Legitimacy Theory, Stakeholder Theory and Institutional Theory are all examples of 'systems-oriented theories'
B) A systems-oriented view of the organisation and society focuses on the role of information and disclosure in the relationship between organisations, the State, individuals and groups
C) Within a systems-based perspective, the entity is assumed to be influenced by, and in turn to have an influence on, the society in which it operates
D) Within Legitimacy Theory, Stakeholder Theory and Institutional Theory, accounting disclosure policies are not considered to constitute a strategy to influence the organisation's relationships with the other parties with which it interacts
Q2) An organisation disclosing social and environmental information because a competitor was gaining a competitive advantage by doing so,is an example of:
A) Mimetic isomorphism
B) Coercive isomorphism
C) Normative isomorphism
D) None of the given options is correct
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Chapter 9: Extended Systems of Accountingthe
Incorporation of Social and Environmental Factors Within External Reporting
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24 Verified Questions
24 Flashcards
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Sample Questions
Q1) A 'social audit' is when an organisation:
A) Obtains independent verification on its social disclosures
B) Obtains independent verification on its social and environmental disclosures
C) Assesses its performance in relation to stakeholder expectations of social performance
D) Assesses its performance in relation to stakeholder expectations of social and environmental performance
Q2) The prevalence of social and environmental reporting is
A) Declining
B) Increasing
C) Stable
D) None of the given options is correct
Q3) The Brundtland Report defined 'sustainable development' in terms of:
A) Intergenerational equity
B) Intragenerational equity
C) Both inter- and intra-generational equity
D) None of the given options is correct
11
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Chapter 10: Reactions of Capital Markets to Financial Reporting
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25 Verified Questions
25 Flashcards
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Sample Questions
Q1) The 'earnings/returns relation' refers to the relationship between returns and:
A) Changes in expected future earnings
B) Expected future earnings
C) Changes in current earnings
D) Current earnings
Q2) Earnings are relevant to investors because:
A) Investors want to maximise their profits
B) Past earnings predict future earnings
C) Past earnings predict future cashflows
D) Future cash flows are a function of future earnings
Q3) An example of an event study is:
A) The comparison of an earnings announcement with changes in share price levels
B) The comparison of a dividend announcement with changes in share trading volume
C) The comparison of an earnings announcement with changes in share price volatility
D) All of the given options are correct
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Chapter 11: Reactions of Individuals to Financial Reporting:
An Examination of Behavioural Research
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24 Verified Questions
24 Flashcards
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Sample Questions
Q1) The limitations of behavioural research do not include
A) Many studies present conflicting results
B) Small sample sizes limit the reliability of conclusions
C) Studies are typically conducted in the 'real world', which makes findings difficult to generalise
D) Incomplete theory development
Q2) Some of the issues that have been considered in behavioural research do not include
A) How decisions are valued by the market
B) The importance of prior experience to the decision process
C) Whether decisions are stable over time
D) How individuals weight cues to make decisions
Q3) The primary data source for behavioural research is:
A) Observation
B) Archival data
C) Computer simulations
D) All of the given options are correct
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Page 13
Chapter 12: Critical Perspectives of Accounting
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25 Flashcards
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Sample Questions
Q1) Critical researchers believe that accounting information:
A) Is neutral and unbiased
B) Benefits neither the rich nor poor
C) Is used by the elite to maintain their power
D) Challenges existing social orders
Q2) Which of the following statements is true,when comparing the research undertaken by critical theorists with the work undertaken by other accounting researchers?
A) Most accounting researchers tend to accept current social systems as 'given', unlike critical theorists that question whether current systems of accounting systematically favour certain classes in society at the expense of others
B) Critical theorists do not tend to debate which methods of accounting should be employed, rather they reconsider the structures of society in terms of whether the structures are equitable
C) Critical theorists view accounting as a social practice within political struggles and not merely a market practice guided by equilibrium in an efficient market
D) All of the given options are correct
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