5 Questions
What are the main stakeholders to whom accounting information is conveyed?
Investors, creditors, management, and regulators.
What are the different fields into which accounting can be divided?
Financial accounting, management accounting, tax accounting, and cost accounting.
What is the focus of financial accounting?
Reporting of an organization's financial information to external users, such as investors, regulators, and suppliers.
What is the focus of management accounting?
Measurement, analysis, and reporting of information for internal use by management.
What are practitioners of accounting known as?
Accountants.
Test your knowledge of accounting principles and practices with this quiz! Challenge yourself with questions about financial statements, balance sheets, income statements, and more. See how well you understand the language of business and finance.
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