Title: Examen Contabilidad básica (basic accounting)

Accounting is a technique for the registration of operations that affect an entity financially. It produces systematic and structured financial information.

Q: Accounting is a technique for the registration of operations that affect an entity financially. It produces systematic and structured financial information.
A: true

Investors, regulatory bodies, areditors, and clients are examples of financial information users.

Q: Investors, regulatory bodies, areditors, and clients are examples of financial information users.
A: true

Primary qualitative characteristics of financial information:

Q: Primary qualitative characteristics of financial information:
- Reliability, objectivity, comparability and veracity
- Reliability, relevance, understandability and comparability (correct)
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Complete the word of the most commons financial statements:

Q: a) St[...]te[...]n[...] of f[...]na[...]ial p[...]s[...]io[...]
b) [...]ta[...]me[...]t of p[...]fit or l[...]s, and other c[...]mpr[...]ens[...]v[...] i[...]co[...]e
c) S[...]te[...]en[...] of c[...]ng[...]s in [...]q[...]i[...]y
d) St[...]m[...]nt of [...]a[...]h fl[...]s.
A: a; me; t; i; nc; o; it; n; S; te; n; ro; os; o; eh; i; e; n; m; ta; m; t; ha; e; e; u; t; ate; e; c; s; ow
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Those who provide goods and services for the operation of the entity are called:

Q: Those who provide goods and services for the operation of the entity are called:
- Creditors
- Suppliers (correct)
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Any person who participates contractually or not contractually in the benefits and economic risks of the net assets of an entity, including partners, associates and members or participants of a mutual society:

Q: Any person who participates contractually or not contractually in the benefits and economic risks of the net assets of an entity, including partners, associates and members or participants of a mutual society:
- Investors or owners (correct)
- Creditors
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They are responsible for establishing economic, monetary and fiscal policies, as well as participating in economic activity by obtaining financing and allocating the public budget:

Q: They are responsible for establishing economic, monetary and fiscal policies, as well as participating in economic activity by obtaining financing and allocating the public budget:
- Government units (correct)
- Regulatory bodies
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They are responsible for fulfilling the mandate of the governing bodies (including sponsors or shareholders) and for directing operational activities

Q: They are responsible for fulfilling the mandate of the governing bodies (including sponsors or shareholders) and for directing operational activities
- Administrators (correct)
- Sponsors
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Financial information must influence the decision-making of users. This refers to the qualitative characteristic called:

Rellenar las palabras que faltan

Q: Financial information must influence the decision-making of users. This refers to the qualitative characteristic called [...]
A: Relevance
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Financial information should help the user to better understand the public entity and its financial situation. This refers to the qualitative characteristic called:

Rellenar las palabras que faltan

Q: Financial information should help the user to better understand the public entity and its financial situation. This refers to the qualitative characteristic called: [...]
A: Understandability
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