Branches of Accounting

Branches of Accounting

11th Grade

15 Qs

quiz-placeholder

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Branches of Accounting

Branches of Accounting

Assessment

Quiz

Financial Education

11th Grade

Medium

Created by

Ronnel Salgado

Used 3+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

It is presentation of accounting data primarily for management who are considered the internal users. The special reports will assist managers in planning, directing and controlling the operation of the business as well as in managing enterprise resources.

Financial Accounting

Management Accounting

Government Accounting

Auditing

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following statement is not true?

A non-accounting graduate may work as a bookkeeper or accountant of a business enterprise.

A non-CPA may be engaged in public accounting.

A non-CPA may be the chief accountant of a business enterprise.

To be a good accountant, one must have mastery of mathematics.

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

It deals with recording, classifying and summarizing the details of materials, labor and overhead necessary to produce and sell product or service.

Financial Accounting

Government Accounting

Cost Accounting

Auditing

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Public Accounting, as a sub-discipline of accounting, includes:

Managerial Advisory Services

Cost Accounting

Internal Auditing

Management Accounting

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

It is the process of recording and classifying business financial transactions (activities). Maintaining the records of the financial activities of a business or individual.

Analyzing

Accounting

Taxation

Bookkeeping

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A person with knowledge of accounting, who does the routine work of recording, classifying, and summarizing phases of accounting.

Controller

Management Consultant

Bookkeeper

Tax Accountant

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

One of the branches of Accounting where it deals with determining the costs of products, processes, projects, etc. in order to report the correct amounts on the financial statements; and assisting management in making decisions and in planning control of an organization.

Auditing

Tax Accounting

Accounting Education

Cost Accounting

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