Question 1

A CMA is a Certified Marketing Auditor.

Accepted Answer

A) True 
 B)False

Question 2

Match the terms with the definitions.

-A type of ownership structure in which there are many owners who usually employ professional managers.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 3

An internal auditor can achieve professional recognition in internal auditing by receiving which of the following certificates?

Accepted Answer

A)  GAAP 
B)  CIA 
C)  CMA 
D)  CLU 
A)  GAAP 
B)  CIA 
C)  CMA 
D)  CLU

Question 4

A public accountant can achieve professional recognition as a Certified Public Accountant by meeting certain educational and experience requirements as determined by each state.

Accepted Answer

A) True 
 B)False

Question 5

A(n)____________________ is owned by two or more people who assume the risks for the business and whose assets may be taken to pay creditors.

Accepted Answer

The answer of A(n)____________________ is owned by two or more...

Question 6

Match the terms with the definitions.

-A business that makes products to sell.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 7

Match the terms with the definitions.

-Telling the results of the financial information.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 8

Match the terms with the definitions.
 
-Looking at events that have taken place and thinking about how they affect the business.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 9

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

Accepted Answer

Financial

Question 10

The owners of a corporation are called ____________________.

Accepted Answer

stockholde

Question 11

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

Accepted Answer

The answer of ____________________ design the accounting information system and...

Question 12

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

Accepted Answer

The answer of ____________________ design the accounting information system and...

Question 13

Match the terms with the definitions.

-The rules that businesses must follow when preparing financial statements.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 14

Match the terms with the definitions.

-Deciding the meaning and importance of the information in various reports.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 15

Match the terms with the definitions.

-Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 16

A person who records,sorts,and files accounting information in accounting records may be referred to as a(n)

Accepted Answer

A)  budgeter. 
B)  journalist. 
C)  accounting clerk. 
D)  scribe. 
A)  budgeter. 
B)  journalist. 
C)  accounting clerk. 
D)  scribe.

Question 17

Match the terms with the definitions.

-Telling the results of the financial information.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 18

The purpose of accounting is to provide financial information about the current operations and financial conditions of a business to individuals and organizations.

Accepted Answer

A) True 
 B)False

Question 19

Match the terms with the definitions.

-Deciding the meaning and importance of the information in various reports.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 20

Public accountants do NOT offer which of the following services?

Accepted Answer

A)  auditing 
B)  tax preparation 
C)  management consulting 
D)  marketing analysis 
A)  auditing 
B)  tax preparation 
C)  management consulting 
D)  marketing analysis

A CMA is a Certified Marketing Auditor.

Match the terms with the definitions. -A type of ownership structure in which there are many owners who usually employ professional managers.

An internal auditor can achieve professional recognition in internal auditing by receiving which of the following certificates?

A public accountant can achieve professional recognition as a Certified Public Accountant by meeting certain educational and experience requirements as determined by each state.

A(n)____________________ is owned by two or more people who assume the risks for the business and whose assets may be taken to pay creditors.

Match the terms with the definitions. -A business that makes products to sell.

Match the terms with the definitions. -Telling the results of the financial information.

Match the terms with the definitions. -Looking at events that have taken place and thinking about how they affect the business.

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

The owners of a corporation are called ____________________.

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

Match the terms with the definitions. -The rules that businesses must follow when preparing financial statements.

Match the terms with the definitions. -Deciding the meaning and importance of the information in various reports.

Match the terms with the definitions. -Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided.

A person who records,sorts,and files accounting information in accounting records may be referred to as a(n)

Match the terms with the definitions. -Telling the results of the financial information.

The purpose of accounting is to provide financial information about the current operations and financial conditions of a business to individuals and organizations.

Match the terms with the definitions. -Deciding the meaning and importance of the information in various reports.

Public accountants do NOT offer which of the following services?

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employee Earnings and Deductions

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

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Exam 1: Introduction to Accounting

A CMA is a Certified Marketing Auditor.

Match the terms with the definitions. -A type of ownership structure in which there are many owners who usually employ professional managers.

An internal auditor can achieve professional recognition in internal auditing by receiving which of the following certificates?

A public accountant can achieve professional recognition as a Certified Public Accountant by meeting certain educational and experience requirements as determined by each state.

A(n)____________________ is owned by two or more people who assume the risks for the business and whose assets may be taken to pay creditors.

Match the terms with the definitions. -A business that makes products to sell.

Match the terms with the definitions. -Telling the results of the financial information.

Match the terms with the definitions. -Looking at events that have taken place and thinking about how they affect the business.

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

The owners of a corporation are called ____________________.

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

____________________ design the accounting information system and focus on analyzing and interpreting information by studying the impact of alternative decisions.

Match the terms with the definitions. -The rules that businesses must follow when preparing financial statements.

Match the terms with the definitions. -Deciding the meaning and importance of the information in various reports.

Match the terms with the definitions. -Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided.

A person who records,sorts,and files accounting information in accounting records may be referred to as a(n)

Match the terms with the definitions. -Telling the results of the financial information.

The purpose of accounting is to provide financial information about the current operations and financial conditions of a business to individuals and organizations.

Match the terms with the definitions. -Deciding the meaning and importance of the information in various reports.

Public accountants do NOT offer which of the following services?

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employee Earnings and Deductions

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

Filters