Midterm Exam

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1. Name *

2. Section *

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Multiple Choice
Midterm Exam

3. Internal Users Report is a

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Users Report

Special Reports

Routine Reports

External Reports

4. Special Report is a

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Routine Report

Special Report

Management Level Report

External Users Report

5. Which is not a Users Report?

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Special Reports

Routine Reports

Internal Users Report

Operating Reports

6. These reports are specially prepared only when to investigate a particular problem.

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Investigative Reports

Enterprise Reports

Control Reports

Financial Reports

7. It is a report that shows the changes took place during the year in the financial position of the
business.

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Static Financial Report

Dynamic Financial Report

Enterprise Financial Report

Financial Control Report

Identification
Midterm Exam

8. The communication of the information between two or more parties through reports is known
as
9. The process of providing information to the management is known as

10. These reports play a vital part in decision-making. They are prepared for specific reasons.

11. These reports are prepared to help the managers in controlling the operations of the
business

12. These are the reports, which give a detailed description of the various operating activities
and financial position of the business.

13. These reports are necessary to know the success or failure of the management’s
responsibility to shareholders through the accounting.

14. This report is prepared when joint efforts are made in performing the activity.

15. These reports provide the information regarding the position of assets and liabilities. They
include balance sheet and certain additional statements for individual items of the balance
sheet.

16. Report is prepared for the individual activity of a single department working under the
supervision of one executive.
17. These reports convey the information regarding the operations of the business at different
functional levels.

Enumeration
Midterm Exam

18. What are the objectives of Reporting?

19. What are the three levels of management?

20. What are the three modes of reporting?

21. Give at least 3 examples of reports for each mode of reporting.

22. What are the types of reports presented to the management?

Essay
Midterm Exam
23. Explain the importance of management reporting.

24. Explain the general principles of good reporting system.

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