The Language of Business
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Questions and Answers

What is accounting also known as?

  • Economy
  • Management
  • Accountancy (correct)
  • Finance

Who are the practitioners of accounting?

  • Managers
  • Financiers
  • Economists
  • Accountants (correct)

What does financial accounting focus on?

  • Investment analysis
  • Internal reporting
  • Reporting of financial information to external users (correct)
  • Tax calculation

What are the different fields of accounting?

<p>Financial accounting, management accounting, tax accounting and cost accounting (D)</p> Signup and view all the answers

Who does accounting convey information to?

<p>Investors, creditors, management, and regulators (C)</p> Signup and view all the answers

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