4 Written Questions

1. Company managers who plan and control its operations on a day-by-day and long term basis
2. Actual or potential investors (stockholders and bondholders) and creditors
3. Accounting Principles Board (accounting policy-making bodies)
4. Financial Accounting Standards Board (accounting policy-making bodies)

4 Multiple Choice Questions

1. Process of communicating financial accounting information about a company to external users
   1. Internal Users
   2. Financial Reporting
   3. Financial Accounting
   4. Managerial Accounting
2. Accounting Research Bulletins, where conclusions pronounce findings that narrow the differences in accounting procedures and practice
   1. ARB
   2. CAP
   3. APB
   4. FASB
3. Information accumulation , processing, and communication system designed to provide decision-making information for internal users
   1. Financial Reporting
   2. Financial Accounting
   3. Managerial Accounting
   4. Internal Users
4. Information accumulation, processing and communication system designed to provide investment and credit decision making informatino for external users
   1. Internal Users
   2. Managerial Accounting
   3. Financial Reporting
   4. Financial Accounting

3 True/False Questions

1. FASB Accounting Standards Codification → Information accumulation, processing and communication system designed to provide investment and credit decision making informatino for external users

   True        False

2. AICPA → Accounting Principles Board (accounting policy-making bodies)

   True        False

3. CAP → Accounting Principles Board (accounting policy-making bodies)

   True        False