INTHEBLACK April 2026 - Magazine - Page 63
1. In what year was the Incorporated Institute
of Accountants, Victoria (IIAV) established?
A. 1876
B. 1886
C. 1896
D. 1901
2. How many accountants attended the meeting
that led to the formation of the IIAV?
A. 25
B. 35
C. 45
D. 60
3. Who was the first woman admitted to a
professional accounting body in the Commonwealth?
A. Elizabeth Alexander
B. Mary Addison Hamilton
C. Edith Cowan
D. Dame Enid Lyons
4. Which global event exposed weaknesses
in financial reporting and led to stronger
disclosure rules?
A. World War I
B. World War II
C. The Asian financial crisis
D. The Great Depression
5. What major technological development in 1952
began transforming accounting processes such as
payroll and ledgers?
A. The electronic calculator
B. The first spreadsheet
C. IBM’s first commercial computer
D. The personal computer
6. Which invention helped transform personal
computers into essential business tools?
A. VisiCalc
B. Lotus 1-2-3
C. Microsoft Excel
D. QuickBooks
7. What is the earliest known evidence of
accounting practice?
A. Ancient Egypt, involving gold and papyrus
records
B. Ancient Mesopotamia, involving animals,
livestock and crops
C. Ancient Greece, involving maritime trade ledgers
D. Ancient China, involving silk and bronze currency
8. When did CPA Australia formally adopt
International Financial Reporting Standards
in Australia?
A. 1997
B. 2000
C. 2005
D. 2008
9. CPA Australia today is described as having
approximately how many members and
offices where?
A. ~90,000 members with offices in Australia only
B. ~176,000 members with offices in Australia,
New Zealand, the UK and key Asian jurisdictions
C. ~200,000 members with offices in Australia
and Europe
D. ~250,000 members with offices in North America
and Africa only
10. Which event highlighted accountants’ role
in cash-flow management and business resilience
in the 2020s?
A. The Asian financial crisis
B. The global financial crisis
C. The rise of blockchain
D. The COVID-19 pandemic
11. What skill is highlighted as increasingly
important for accountants in the era of AI?
A. Manual ledger balancing
B. Prompt engineering
C. Advanced data analytics
D. Understanding automation tools and
cloud-based accounting platforms
12. Which core purpose of accounting is
described as remaining constant despite
technological change?
A. Holding people accountable
B. Maximising shareholder wealth
C. Maximising automation
D. Eliminating human oversight
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