Careers, Certifications, & Users of Accounting Information

What is accounting often referred to as?

• The language of business

• The tool of finance

• The basis of economics

• The structure of management

What was the median salary for accountants in the U.S. in 2020?

• $35,000/year

• $56,300/year

• $73,000/year

• Over $1 million/year

Which of the following is NOT one of the four primary categories for accounting?

• Financial Accounting

• Managerial Accounting

• Tax Accounting

• Corporate Law

Which of the following is NOT one of the three broad categories of accounting roles?

• Public Accounting

• Private Accounting

• Fund Accounting

• Corporate Accounting

What is Public Accounting also referred to as?

• Internal Accounting

• External Accounting

• Governmental Accounting

• Non-Profit Accounting

Which of the following services is NOT typically provided by public accounting firms?

• Preparing financial reports

• Reviewing financial information for accuracy

• Providing tax services

• Manufacturing financial software

Which of the following firms is NOT part of the "Big Four" accounting firms?

• Deloitte

• Ernst and Young (EY)

• PricewaterhouseCoopers (PwC)

• Bain & Company

What is Private Accounting also referred to as?

• External accounting

• Public accounting

• Internal accounting

• Governmental accounting

What is the primary role of a private accountant within a company?

• To manage the company's investments

• To record transactions and prepare/analyze financial statements and reports

• To conduct external audits of the company

• To handle customer service inquiries

Who often reviews the work of internal company accountants for completeness and accuracy?

• Private accountants

• Public accountants

• Government officials

• Company shareholders