Accounting Terms
Authored by Audrina Yerkey
Financial Education
9th - 12th Grade
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
financial accounting
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
The calculation and interpretation of a financial ratio.
The area of accounting that focuses on reporting information to internal users.
The area of accounting which focuses on reporting information to external users.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
managerial accounting
managerial accounting
A comparison between two components of financial information.
The area of accounting that focuses on reporting information to internal users.
The ratio of net income to total sales.
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
statement of owner’s equity
statement of owner’s equity
A financial statement that reports the changes in the capital account for a proprietorship for a period of time.
The area of accounting which focuses on reporting information to external users.
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
The ratio of net income to total sales.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
financial ratio
financial ratio
The area of accounting that focuses on reporting information to internal users.
The ratio of net income to total sales.
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
A comparison between two components of financial information.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ratio analysis
A comparison between two components of financial information.
The area of accounting that focuses on reporting information to internal users.
The calculation and interpretation of a financial ratio.
The ratio of net income to total sales.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
vertical analysis
vertical analysis
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
The calculation and interpretation of a financial ratio.
The ratio of net income to total sales.
The area of accounting that focuses on reporting information to internal users.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
return on sales (ROS)
return on sales (ROS)
A financial statement that reports the changes in the capital account for a proprietorship for a period of time.
Reporting an amount on a financial statement as a percentage of another item on the same financial statement.
The calculation and interpretation of a financial ratio.
The ratio of net income to total sales.
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