Accounting Principles and Concepts Quiz
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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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