Have an account?
Skip to Content
Build your own quiz
12 questions
Show Answers
See Preview
- 1. Multiple Choice
The most significant challenge in international accounting for American companies is_____?
managing multiple currenies
following GAAP
complying with the Sarbanes-Oxley Act
implementing cloud computing
- 2. Multiple Choice
Gina has decided that she wants to study to be an auditor, What should Gina do in order to best prepare herself for this position?
gain a master of business administration degree
gain a master of accountancy degree
obtain experience in leadership and management
complete a one-to two-year supervised internship
- 3. Multiple Choice
_____ skills are the most important for accountants when presenting their work to clients
multitasking
communication
math
social media
- 4. Multiple Choice
How do management accounts help managers make business decisions?
management accountants make sure account are paid on time
management accountants prepare local, state, and federal income tax returns
management accountants provide accurate financial data and analyze the data to make predictions
management accountants ensure that everyone pays their taxes
- 5. Multiple Choice
Because they can affect losses and gains when doing business in other countries, international accountants need to keep track of_____
gross domestic product growth rates
business success rates
unemployment rates
exchange rates
- 6. Multiple Choice
______ are specialized accountants who look for evidence of improper accounting methods
forensic accountants
government accountants
public accountants
fraudulent accountants
- 7. Multiple Choice
Which of the following is a positive impact of GAAP?
accounting practices are simple and streamlined
accounting practices are transparent and consistent
accounting practices are internationally accepted
accounting practices are free from gender bias
- 8. Multiple Choice
by law, an accountant must hold a CPA designation in order to:
examine statements for accuracy and compliance
choose and develop a company's accounting systems
file a reports with the Securities and Exchange Commission
hold a position as a management accountant
- 9. Multiple Choice
The lessons or skills that a person gains by working in a specific job or occupation is known as ---------
certification
training
education
experience
- 10. Multiple Choice
Why are leadership skills important in business?
because without them a person could never get into college, therefor never into business either
because businesses always refuse to hire people without demonstrated leadership skills
because they demonstrate that a person is totally qualified for a position in any industry
because businesses want to hire people who can engage with others in supportive ways
- 11. Multiple Choice
which of the following is one result of stringent 21st century accounting regulations?
they make accounting simpler
they make accounting more complex
they unify international tax codes
they address the needs of small businesses
- 12. Multiple Choice
which type of report shows a business's financial position at a given time?
statement of changes in equity
income statement
statement of cash flows
balance sheet
- Answer choicesTagsAnswer choicesTags