
Introduction to Accounting
Authored by Aranzazu Kaishy
Professional Development
Professional Development
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which does NOT form part of the general definition of accounting?
Provides information
Useful in decision making
Primarily concerned with historical data
Concerned with transactions of financial character
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting provides which of the following information?
Qualitative information
Quantitative information
Financial information
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an economic entity?
A charitable institution
A grocery store
Both A and B
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The branch of accounting that focuses on the preparation and presentation of financial statements primarily to external users.
Financial accounting
Management accounting
External auditing
Tax accounting
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Provides information used internally for planning, evaluating, analyzing, and controlling business decisions and operations.
Internal auditing
Financial accounting
Management accounting
Forensic accounting
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are interested in a company's ability to continue its existence, especially if they are heavily dependent on the company's operations.
Government
Customers
Suppliers
Lenders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The area of practice where CPAs provide accounting services to several clients on a contractual or engagement basis?
Public accounting
Private accounting
Government accounting
Education or academe Education or academe
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