10 Questions
Which term is often used interchangeably with accounting?
Finance
What is the main focus of financial accounting?
Preparation of financial statements
Which field of accounting focuses on information for internal use by management?
Management accounting
What is the purpose of accounting?
To measure the results of an organization's economic activities
What are practitioners of accounting known as?
Accountants
Financial ratios are basic calculations using quantitative data from a company’s ______
financial statements
Businesses use financial ratios to determine ______
liquidity, debt concentration, growth, profitability, and market value
Financial ratios are sometimes referred to as ______ ratios or finance ratios
accounting
Internal and external stakeholders use financial ratios for ______
competitor analysis, market valuation, benchmarking, and performance management
Financial ratios are important for assessing how a company generates revenue and profits using business expenses and ______
assets in a given period
Test your knowledge of accounting with this quiz! From basic concepts to financial statements, this quiz covers various aspects of the field. Challenge yourself and see how well you understand the principles and practices of accounting. Perfect for students, professionals, and anyone interested in brushing up on their accounting skills.
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