Question 1

…………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.

Accepted Answer

A) management accounting 
B) financial accounting 
C) cost accounting 
D) all of these 
A) management accounting 
B) financial accounting 
C) cost accounting 
D) all of these

Question 2

The basic function of Management Accounting is to ……………………….

Accepted Answer

A) record all business transactions 
B) interpret the financial data 
C) assist the management in performing its functions effectively 
D) none of these 
A) record all business transactions 
B) interpret the financial data 
C) assist the management in performing its functions effectively 
D) none of these

Question 3

……………is concerned with providing information to management for taking managerial decisions.

Accepted Answer

A) management accounting 
B) financial accounting 
C) cost accounting 
D) all of these 
A) management accounting 
B) financial accounting 
C) cost accounting 
D) all of these

Question 4

The Prime function of accounting is to ………………………..

Accepted Answer

A) record economic data 
B) provide the informational basis for action 
C) classify and record business transactions 
D) attain non economic goals 
A) record economic data 
B) provide the informational basis for action 
C) classify and record business transactions 
D) attain non economic goals

Question 5

The analysis done by investors , credit agencies , government agencies and other creditors who have no access to the internal records of a company is known as ……………..

Accepted Answer

A) internal analysis 
B) horizontal analysis 
C) external analysis 
D) none of these 
A) internal analysis 
B) horizontal analysis 
C) external analysis 
D) none of these

…………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.

The basic function of Management Accounting is to ……………………….

……………is concerned with providing information to management for taking managerial decisions.

The Prime function of accounting is to ………………………..

The analysis done by investors , credit agencies , government agencies and other creditors who have no access to the internal records of a company is known as ……………..

Financial Analysis and Statements

Fund Flow and Working Capital

Costing and Cash Flow Analysis

Exploring Cost and Profit Analysis in Accounting

Cost Classification and Management Accounting

Filters

Exam 1: Accounting and Financial Analysis

…………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.

The basic function of Management Accounting is to ……………………….

……………is concerned with providing information to management for taking managerial decisions.

The Prime function of accounting is to ………………………..

The analysis done by investors , credit agencies , government agencies and other creditors who have no access to the internal records of a company is known as ……………..

Financial Analysis and Statements

Fund Flow and Working Capital

Costing and Cash Flow Analysis

Exploring Cost and Profit Analysis in Accounting

Cost Classification and Management Accounting

Filters