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Accounting Principles and Concepts Quiz

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Questions and Answers

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

Management accounting

Financial accounting (correct)

Cost accounting

Tax accounting

What is the main purpose of accounting?

To record financial transactions

To measure and convey the results of an organization's economic activities (correct)

To provide information for internal use by management

To process information about economic entities

What is another term used interchangeably with accounting?

Stakeholders

Financial reporting (correct)

Accountancy

Economic entities

What is the role of accountants?

<p>To measure and convey the results of an organization's economic activities</p> Signup and view all the answers

Which 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

Accounting Principles and Concepts Quiz

Choose a study mode

Podcast

Questions and Answers

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

What is the main purpose of accounting?

What is another term used interchangeably with accounting?

What is the role of accountants?

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

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