Types of Information in Accounting

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By WorkableRadon

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16 Questions

What is the process of identifying, measuring and communicating economic information to permit informed judgement and decision by users of the information?

Who is considered as The Father of Accounting?

How does the Accounting Standards Council define accounting?

Which of the following is NOT an internal user of financial information?

Which of the following is NOT an external user of financial information?

Which type of information is expressed in numbers, quantities, or units?

What is the process of identifying, recording and communicating economic information that is useful in making economic decisions?

Which of the following is NOT an appropriate description of accounting?

Which accounting process comes first ahead of the others?

What essential element of the definition of accounting involves the recognition or non-recognition of business activities as accountable events?

What types of information are provided by accounting?

Which professional organization defines accounting as a service activity?

What are laborers, field workers, and non-managerial employees examples of as users of financial information?

Which internal users of financial information are concerned mostly with the profits of the company and considered as existing investors?

Which of the following is NOT a component of financial statements?

Which professional organization defines accounting as a service activity?

Description

Learn about the different types of information provided by accounting, including quantitative, qualitative, and financial information. Understand how each type is expressed and where it can be found in financial statements.

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