Survey-Questionnaire

Name ____________________________________ Date: __________________

Sex: Male Female Age:

Course: BS in BA (Business Economics)
BS in BA (Financial Management)
BS in BA (Human Resource Management)
BS in BA (Marketing Management)
BS in Entrepreneurship
BS in Legal Management
BS in Real Estate Management

Direction: choose the best answer to the following questions. Rate them if,

4 = I know very well 3 = I know well 2 = I know a little 1 = I don’t know

4 3 2 1
STATEMENT OF FINANCIAL POSITION
1) I know that the statement of financial position is composed of
permanent accounts.
2) I am aware that the balance sheet is composed of assets,
liabilities and equity.
3) I am informed that assets are the resources owned and
controlled by the entity.
4) I am familiar that liabilities are the obligations and debts of the
entity.
5) I recognize that the equity is the net worth attributed to the
owners.
6) I am knowledgeable that equity account is different in terms of
reporting entity (proprietor, partnership and corporation)
7) I recognize that property, plant and equipment are presented
under non-current assets.
INCOME STATEMENT
1.) I understand the two major composition of the Income
Statement
2.) I know the functions of an Income in the income statement.
3.) I know the functions of an Expense in the income statement.
4.) I am knowledgeable that the income statement is composed of
temporary accounts.
5.) I am aware that an income statement is a summarized report
about the revenue made during a reporting period and how
much it spent in producing that income.
6.) I am familiar that the income statement consists of sales, cost
 of goods sold, expenses and income.
7.) I know that the cost of goods sold is basic cost of creating or
buying-in the goods or services supplied.

4 3 2 1
STATEMENT OF COMPREHENSIVE INCOME
1) I am familiar with the components of statement of
comprehensive income.
2) I learned that the profit reflected in income statement will be
reflected in the statement of comprehensive income
3) I am aware that statement of comprehensive income reflects
other comprehensive income.
4) I recognize that statement of comprehensive income can be
presented in 2 different approaches (two-statement and single
statement)
5) I understand the function of administrative expense in
calculating comprehensive income.
6) I know the function of other expenses in calculating
comprehensive income.
7) I am aware that a company cannot present extraordinary items
in the comprehensive income or in the notes.
STATEMENT OF CHANGES IN EQUITY
1.) I am knowledgeable that the purpose of statement of changes
in equity is to show the movement of elements of shareholder’s
equity.
2.) I am well-informed that retained earnings are part of the
statement of changes in equity.
3.) I am aware that prior period errors can affect the retained
earnings.
4.) I am aware that changes in accounting policy can affect the
retained earnings.
5.) I know that the statement of changes in equity for corporation
reflects share capital, reserve and retained earnings.
6.) I am familiar that retained earnings of a corporation can be
appropriated and unappropriated.
7.) I am informed with the importance of statement of changes in
equity in decision making of the owners.
4 3 2 1
CASH FLOW STATEMENT
1) I know the components of cash flow statement.
2) I am aware that cash flow statement is divided into (3)
components according to activities namely: operating, financing,
and investing.
3) I understand the transactions that relate to operating activities.
4) I am informed with the transactions that relate to financing
activities.
5) I familiar with the transactions that relate to investing activities.
6) I knowledgeable with the use of cash flow statement in
decision-making.
7) I know that noncash transactions will not be reflected in cash
flow statement.
NOTES TO FINANCIAL STATEMENT
1.) I am knowledgeable that the notes to financial statement
disclose information that cannot be reflected in financial
statement.
2.) I am aware that the notes to financial statement disaggregate
information that is reflected in the financial statements.
3.) I understand that the notes to financial statement provide
additional information aside from what is reflected in the
financial statements.
4.) I am well-informed that notes to financial statement helps
clarify the information that is presented in the financial
statement.
5.) I am educated that the notes to financial statement provide
necessary disclosures required by Philippine Financial
Reporting Standard (PFRS).
6.) I am informed with the purpose of the notes to financial
statement in decision making.
7.) I recognize that the notes to financial statement reflect
financial and nonfinancial data.