Accounting Essentials Quiz
5 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which field of accounting focuses on the reporting of an organization's financial information to external users?

  • Cost accounting
  • Management accounting
  • Financial accounting (correct)
  • Tax accounting
  • What is the main purpose of accounting?

  • To convey information to a variety of stakeholders (correct)
  • To prepare financial statements
  • To measure and analyze financial transactions
  • To process information about economic entities
  • What are practitioners of accounting known as?

  • Regulators
  • Stakeholders
  • Accountants (correct)
  • Economic entities
  • What term is often used interchangeably with accounting?

    <p>Financial reporting</p> Signup and view all the answers

    What field of accounting focuses on the measurement, analysis, and reporting of information for internal use by management?

    <p>Management accounting</p> Signup and view all the answers

    More Like This

    Accounting Essentials
    5 questions
    Accounting Principles and Practices Quiz
    5 questions
    Accounting Basics
    10 questions

    Accounting Basics

    BuoyantClearQuartz avatar
    BuoyantClearQuartz
    Use Quizgecko on...
    Browser
    Browser