Quiz 5

Quiz 5

University

23 Qs

quiz-placeholder

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Quiz 5

Quiz 5

Assessment

Quiz

Other

University

Practice Problem

Easy

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ is a system for recognizing, analyzing and reporting about the financial transactions that affect and organization.

a. Pricing

b. Trading

c. Benchmarking

d. Accounting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 _____________________ work with an organization, prepare reports and analyze financial information such as budgets and cost management.

a. Public accountants

b. Government accountants

c. Management accountants

d. Forensic accountants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Stockholders would most likely use accounting information provided by their firm to:

a. make capital budgeting decisions and financial forecasts.

b. gauge whether the firm has made a strong return on their investment

c. determine whether the firm can repay them for the orders it places.

d. obtain information needed to satisfy legal reporting requirements.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 ____________________ typically require accounting information of a firm to evaluate its ability to pay back its loans by analyzing the firms financial statements.

a. Managers

b. Employees

c. Suppliers

d. Creditors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Jane has completed 150 semester hours of college and has passed a rigorous four part accounting exam.  She also has a year's experience of working as an assistant accountant for a fashion company.  She provides management consultancy for multiple organizations on a fee basis.  Given her qualifications and experience, Jane is a certified _______________ accountant.

a. fraud

b. public

c. forensic

d. government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 _______________ accounting is the branch of accounting that addresses the needs of external stakeholders, including stockholders, creditors and government regulators.

a. Forensic

b. Investigative

c. Managerial

d. Financial

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally accepted accounting principles (GAAP) is a set of accounting standards that is used in the:

a. preparation of financial statements.

b. preparation of a company's tax return.

c. audit of a company's financial books.

d. preparation of organizational budgets.

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