Accounting Quiz or Test Your Accounting Knowledge on Role or Purpose of Accounting

June 15th, 2010 Comments off
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Refresh or test your accounting knowledge by answering the following questions on Role or Purpose of Accounting. If you are unsure of the answer please click to { see article} to re-learn what you have missed.

Questions:

1.  Briefly explain what is accounting

2.  Identify the users of accounting – see  {article} ; { article }

3.  List three objectives of financial accounting – see { article } ; { article }

4.  List seven general characteristics of useful information – see { article } ; { article }

5.  What is the difference between financial accounting from managerial accounting? see { article }

6.  What are the four primary financial statements? see { article }

7.  Identify the major similarities between financial accounting and managerial accounting

 

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