What is Accounting? 1.4.3

What is Accounting? 1.4.3

8th Grade - University

12 Qs

quiz-placeholder

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What is Accounting? 1.4.3

What is Accounting? 1.4.3

Assessment

Quiz

Business

8th Grade - University

Medium

Created by

Patricia Trubee

Used 143+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most significant challenge in international accounting for American companies is_____?

managing multiple currenies

following GAAP

complying with the Sarbanes-Oxley Act

implementing cloud computing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gina has decided that she wants to study to be an auditor, What should Gina do in order to best prepare herself for this position?

gain a master of business administration degree

gain a master of accountancy degree

obtain experience in leadership and management

complete a one-to two-year supervised internship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ skills are the most important for accountants when presenting their work to clients

multitasking

communication

math

social media

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do management accounts help managers make business decisions?

management accountants make sure account are paid on time

management accountants prepare local, state, and federal income tax returns

management accountants provide accurate financial data and analyze the data to make predictions

management accountants ensure that everyone pays their taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because they can affect losses and gains when doing business in other countries, international accountants need to keep track of_____

gross domestic product growth rates

business success rates

unemployment rates

exchange rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ are specialized accountants who look for evidence of improper accounting methods

forensic accountants

government accountants

public accountants

fraudulent accountants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a positive impact of GAAP?

accounting practices are simple and streamlined

accounting practices are transparent and consistent

accounting practices are internationally accepted

accounting practices are free from gender bias

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