Financial Accounting Study Guide

1) What better list below describes the main services provided by public accountants?

A) The employee training, auditing, accounting
B) auditing, taxation, management consultancy
C) cost accounting, production planning, recruitment
D) Bookkeeping, mergers, budgets

2) Preparation of tax returns and to engage in tax planning is done by

A) both public and private accounting.
B) IRS accountants only.
C) that public accountants.
D) only private accountants.

3) The private sector organization involved in the development of accounting principles is the

A) Standards financial accounts "of the body.
B) Financial Accounting Studies Board.
C) Financial Accounting Standards Board.
D) Accounting Standards Board feasible.

4) When the owner makes a withdrawal

A) the account will draw up a credit.
B) the account will be reduced by drawing a flow.
C) it should not be money, it could be another asset.
D) the capital account will be directly with increased flow.

1) What better list below describes the main services provided by public accountants?
B) auditing, taxation, management consultancy

2) Preparation of tax returns and to engage in tax planning is done by
A) both public and private accounting.

3) The private sector organization involved in the development of accounting principles is the
C) Financial Accounting Standards Board.

4) When the owner makes a withdrawal
C) it should not be money, it could be another asset.

1. B
2. A
3. C
4. A