Accounting Principles and Practices Quiz
5 Questions
2 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

What is the main focus of financial accounting?

  • Reporting financial information to external users (correct)
  • Conveying information to a variety of stakeholders
  • Processing information about economic entities
  • Measuring and analyzing information for internal use by management
  • Which field of accounting is concerned with the measurement, analysis, and reporting of information for internal use by management?

  • Cost accounting
  • Management accounting (correct)
  • Financial accounting
  • Tax accounting
  • What are practitioners of accounting commonly known as?

  • Auditors
  • Accountants (correct)
  • Economists
  • Corporations
  • What is another term often used as a synonym for 'accounting'?

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

    Which type of accounting focuses on the recording of financial transactions and the preparation of financial statements for external users?

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

    More Like This

    Accounting Fundamentals Quiz
    5 questions
    Accounting Basics Quiz
    5 questions

    Accounting Basics Quiz

    BoundlessHawthorn avatar
    BoundlessHawthorn
    Use Quizgecko on...
    Browser
    Browser