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ABOUT THIS QUIZ: Chapter: Introduction to financial accounting; Quiz Type: Multiple choice questions (MCQs) quiz; Number of MCQs: 25; Total Points: 25. One Page Accounting. Get instant access to more than 2 million+ solutions to academic questions and problems. Chapter 15: Financial Reporting and Concepts ; Chapter 16: Financial Analysis and the Statement of Cash Flows ; Chapters 17-20 Managerial/Cost. assist in decision making III. 2 The accounting theory 97 3 Financial statements 147 4 Application of specific accounting standards 195 5 Business combinations 265 6 Analysis of financial statements 349 Revision questions 387 Answers to revision questions 411 Before you begin questions: Answers and commentary 425 Glossary of terms 443 Formulae 453 Index 457. The accounting system can consist of two doubleentry bookkeeping subsystems, a cash-based public (budgetary accounting) sector accounting system and an accrual-based financial accounting system. 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This test examines your ability to evaluate and interpret numerical data.