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Questions and Answers
Which field of accounting is assigned to external accounting?
Which field of accounting is assigned to external accounting?
- Statistics and comparative methods
- Planning/budgeting
- Financial accounting (correct)
- Cost and performance accounting
In external accounting, who determines the design?
In external accounting, who determines the design?
- Subject to legal rules
- Designed by works council
- Determined by chartered accountants (correct)
- Customizable for each company
Who is not an addressee of the financial statement?
Who is not an addressee of the financial statement?
- Creditors
- Owners
- Auditor (correct)
- Company management
Which field of accounting is not a function of external accounting?
Which field of accounting is not a function of external accounting?
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What is the function of financial reporting and accounting pursuant to legal rules?
What is the function of financial reporting and accounting pursuant to legal rules?
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Who is not an addressee of the financial statement?
Who is not an addressee of the financial statement?
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Which is not a function of external accounting?
Which is not a function of external accounting?
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What forms the operating result in accounting?
What forms the operating result in accounting?
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What does balancing of receipts and expenditures result in?
What does balancing of receipts and expenditures result in?
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Study Notes
External Accounting
- Financial accounting is assigned to external accounting.
- The design of external accounting is determined by law or standard setters.
- Tax authorities are not addressees of financial statements.
- Cost accounting is not a function of external accounting.
- The function of financial reporting and accounting is to provide information pursuant to legal rules.
- Tax authorities are not addressees of financial statements.
- Determining the success of management is not a function of external accounting.
Accounting Principles
- The operating result is formed through revenues and expenses in accounting.
- Balancing of receipts and expenditures results in a surplus or deficit.
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