4 Written Questions
4 Multiple Choice Questions
- The skill of providing financial information to run a large business.
- The check of business accounting records in order to give an opinion on whether the financial statements present the business fairly.
- The accounting principle that assumes that the value of money stays the same year after year.
- The accounting principle that requires accountants to resolve financial statement uncertainty in the least favorable way.
3 True/False Questions
Going-Concern Principle → The accounting principle that requires that financial statements be based on the assumption that the business will last indefinitely.
Financial Accounting Standards Board → (FASB) The organization of accountants that has the responsibility of creating accounting rules.
Certified Public Accountants → The skill of providing financial information to run a large business.