Accounting Principles Quiz

investors, creditors, management, and regulators

financial accounting, management accounting, tax accounting, and cost accounting

reporting of an organization's financial information to external users

<p>measurement, analysis, and reporting of information for internal use by management</p> Signup and view all the answers

<p>accountants</p> Signup and view all the answers

<p>The purpose of accounting is to process information about economic entities and convey this information to stakeholders.</p> Signup and view all the answers

<p>The different fields of accounting include financial accounting, management accounting, tax accounting, and cost accounting.</p> Signup and view all the answers

<p>Accounting conveys information to stakeholders such as investors, creditors, management, and regulators.</p> Signup and view all the answers

<p>Financial accounting focuses on reporting an organization's financial information to external users.</p> Signup and view all the answers

<p>Management accounting focuses on measuring, analyzing, and reporting information for internal use by management.</p> Signup and view all the answers