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Accounting Principles and Concepts Quiz

5 Questions

3 Views

Accounting Principles and Concepts Quiz

Created by

@WieldyAmazonite

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Questions and Answers

Which field of accounting focuses on the reporting of financial information to external users?

Financial accounting (correct)

Cost accounting

Tax accounting

Management accounting

What is another term for accounting?

Auditing

Economics

Finance

Accountancy (correct)

What is the purpose of accounting?

To measure an organization's economic activities

To convey information to stakeholders (correct)

To process information about economic entities

All of the above

What do practitioners of accounting do?

<p>All of the above</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

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