Accounting Principles and Concepts Quiz

Accounting is the processing of information about economic entities, such as businesses and corporations.

The different fields of accounting include financial accounting, management accounting, tax accounting, and cost accounting.

The stakeholders in accounting include investors, creditors, management, and regulators.

<p>The focus of financial accounting is on the reporting of an organization's financial information to external users.</p> Signup and view all the answers

<p>The focus of management accounting is on the measurement, analysis, and reporting of information for internal use by management.</p> Signup and view all the answers