EBA-1.01 Review

What is one difference between a bookkeeper and an accountant?

• Accountants need less education than bookkeepers.
• Accountants need more education than bookkeepers.
• Bookkeepers earn more money than accountants.
• Bookkeepers work in banks and accountants work for companies.

What is one difference between an investment counselor and a stock broker?

• Investment counselors only sell corporate stock for clients.
• Investment counselors recommend all types of investments for clients
• Stock brokers buy and sell any type of investment for clients.
• Stock brokers only recommend traditional bank accounts for clients.

3. What is one difference between an accountant and an auditor?

• Accountants assist auditors in recording financial transactions.
• Accountants work for auditors to help them verify financial records.
• Auditors assess the accuracy of the firm's financial statements.
• Auditors speed up the process of collecting money owed to the firm.

What is one difference between an accountant and a CPA?

• Accountants must have more education.
• Accountants must pass a national exam.
• CPAs must pass a national exam.
• CPAs usually receive a lower salary.

What is one difference between an accountant and a CPA?

• Accountants must have more education.
• Accountants must pass a national exam.
• CPAs must pass a national exam.
• CPAs usually receive a lower salary.

Chief financial officers, personal financial advisers, and financial analysts are examples of which type of career?

• Accounting
  
  
  
• Banking
•    
      Finance
• 
  
  Budgeting
  

Opening new checking accounts for customers, preparing certified checks for customers, and processing college loan applications are classified as which type of activity?

• Accounting
• Banking
• Budgeting
• Finance

Managing a customer's investment portfolio and giving a business advice about its investments are classified as which type of activity?

• Accounting
• Banking
• Budgeting
• Finance

Checking the company financial records for accuracy, printing monthly paychecks for employees, and preparing an Income Statement are classified as which type of activity?

• Accounting
• Banking
• Budgeting
• Finance

John works buying and selling stocks and bonds for his customers. John's job is an example of which type of career?

• Accounting
• Banking
• Budgeting
• Finance