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10 questions
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
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
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
Which branch of accounting is concerned with analyzing costs of products or services rendered in a business?
Auditing
Cost accounting
Financial Accounting
Management Accounting
Tax Accounting
Which branch of accounting deals with the calculate the profit or loss of a business during a period and to provide an accurate picture of the financial position of the business as on a particular date to investors or banks?
Auditing
Cost accounting
Financial Accounting
Management accounting
Tax accounting
Keanna, Toni, and Harold are accountants in a large multinational corporation. They prepare various Management Information reports such as Budgets, Projected Cash Flow Statements, Cost-Volume-Profit Analysis reports, Break-Even-Point calculation for the different department heads, the Vice-Presidents, the president, and the CEO to consider. Which branch of accounting is being talked about in this scenario.
Auditing
Cost Accounting
Financial Accounting
Management Accounting
Tax Accounting
Rob is a CPA who inspects the accuracy and consistency of financial statements and certifies the accounts done by the accountants of his clients. Which branch of accounting is Rob doing?
Auditing
Cost Accounting
Financial accounting
Management Accounting
Tax accounting
Kelsie work for TLE manufacturing Corporation. She is under the accounting department mainly responsible for making sure that the her company gets the cheapest prices of raw materials with the highest quality possible to reduce waste expenses. She also makes sure that the electricity bill and other utility bills are as low as possible with the highest possible output of products manufactured. Which branch of accounting is Kelsie under?
Auditing
Cost Accounting
Financial Accounting
Management Accounting
Tax Accounting
Krystel is an accountant who assisting clients and companies with their financial and income tax statements. She studied tax laws and is up-to-date with tax issues. Which branch of accounting does she fall under?
Auditing
Cost accounting
Financial Accounting
Management accounting
Tax accounting
Adrian works at a large bank as an a type of accountant. His duties are to prepare profit and loss statements to show clients and potential investors the general financial health of the bank that he works at. Which branch of accounting are Adrian's duties under?
Auditing
Cost accounting
Financial accounting
Management accounting
Tax accounting
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