Accounting Principles and Terminology Quiz

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Who are the stakeholders to whom accounting information is conveyed?

Stakeholders include investors, creditors, management, and regulators.

What are the fields into which accounting can be divided?

Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting.

What is the focus of financial accounting?

Financial accounting focuses on the reporting of an organization's financial information to external users such as investors, regulators, and suppliers.

What is accounting also known as?

Accounting is also known as accountancy.

What is the focus of management accounting?

Management accounting focuses on the measurement, analysis, and reporting of information for internal use by management.

Test your knowledge of accounting principles and terminology 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 financial reporting.

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