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.
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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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