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

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.


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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