Branches of Accounting
Quiz
•
Financial Education
•
11th Grade
•
Medium
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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