Business

11th -

12thgrade

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Branches of Accounting Review

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    What is primarily centered on the critical examination of financial statements by an independent CPA to express an opinion regarding the fairness of the contents of the financial Statements?

    auditing

    cost accounting

    financial accounting

    management accounting

    tax accounting

  • 2. Multiple Choice
    30 seconds
    1 pt

    Which branch of accounting embraces the preparation of various tax returns and tax planning necessary to minimize the impact of taxes on the firm?

    Auditing

    Cost accounting

    Financial accounting

    Management accounting

    Tax accounting

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which branch of accounting is primarily concerned with the preparation of specific purpose financial statements for the management to base financial decisions on?

    Auditing

    Financial accounting

    Cost accounting

    Tax accounting

    Management Accounting

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