32 Questions
Which field of accounting is assigned to external accounting?
Financial accounting
What is not a function of external accounting?
Company management
Which is not a characteristic of external accounting?
Is customizable for each company
What field of accounting involves the use of statistics and comparative methods?
Statistics and comparative methods
Who primarily benefits from the financial statements prepared by external accounting?
Creditors
What type of accounting is focused on cost control and evaluating performance?
Cost and performance accounting
What is the main function of external accounting?
Monitoring and controlling a company‘s operations
Who is not an addressee of the financial statement?
Auditor
What does the operating result balance?
Receipt and Expenditure
What does balancing of receipts and expenditures result in?
Operating result
What is the correct definition for receipts in accounting?
Cash and cash equivalents that flow directly to the company within a period
What is the correct definition for costs in accounting?
Monetarily assessed consumption of goods and services due to the performance of services
Which function is not part of external accounting?
Monitoring and controlling a company‘s operations
Who is not the addressee of the financial statement?
Auditor
What does balancing of receipts and expenditures result in?
Operating result
What is the correct definition for receipts in accounting?
Cash and cash equivalents that flow directly to the company within a period
Which field of accounting is assigned to external accounting?
Financial accounting
What is not a characteristic of external accounting?
Designed by works council
What is the main function of external accounting?
Recording and summarizing financial transactions
Who is not an addressee of the financial statement?
Auditor
What does the operating result balance?
Receipts
What type of accounting is focused on cost control and evaluating performance?
Cost and performance accounting
What is the main function of external accounting?
Planning, monitoring, and controlling of a company‘s operations
Who primarily benefits from the financial statements prepared by external accounting?
Owners
What does the operating result balance?
Receipt and Expenditure
What is not a characteristic of external accounting?
Preparation of financial statements
Which field of accounting is assigned to external accounting?
Financial accounting
What is the correct definition for receipts in accounting?
Cash and cash equivalents that flow directly to the company within a period
What is the correct definition for costs in accounting?
Consumption respectively usage of economic goods (affecting net income)
What type of accounting is focused on cost control and evaluating performance?
Cost accounting
What does balancing of receipts and expenditures result in?
Financial balance
Who is not an addressee of the financial statement?
Auditor
Test your knowledge of the basics of business accounting with this multiple-choice quiz. Questions cover fields of accounting, including external accounting and its characteristics.
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