GoConqr has a new look! Let us know what you think.

Sign up free

Quiz

FAR WEEK 1 QUIZ

Justine Coronado 6 questions

Take the quiz

This quiz has a time limit, so it opens in the usual player.

Questions in this quiz (6)

  1. 1Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities, that is intended to be useful in making economic decision. The definition of accounting is provided by?
    1. AJunior Philippine Institute of Accountants
    2. BAmerican Institute of Certified Public Accountants
    3. CAccounting Standards Council
    4. DAmerican Accounting Association
  2. 2Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part at least of a financial character and interpreting the results thereof. This definition of accounting is given by?
    1. AAmerican Institute of Certified Public Accountants
    2. BAmerican Accounting Association
    3. CJunior Philippine Institute of Accountants
    4. DAccounting Standards Council
  3. 3Accounting is the process of identifying, measuring and communicating economic information to permit informed judgment and decision by users of the information. The accounting definition is provided by?
    1. AAmerican Institute of Certified Public Accountants
    2. BAmerican Accounting Association
    3. CAccounting Standards Council
    4. DNone of these
  4. 4In the definition of accounting of the American Accounting Association, communicating is the _______________ component.
    1. Aformal
    2. Btechnical
    3. Canalytical
    4. DNone of these
  5. 5In the definition of accounting of the American Accounting Association, identifying is the _______________ component.
    1. Atechnical
    2. Banalytical
    3. Cformal
    4. DNone of these
  6. 6In the definition of accounting of the American Accounting Association, measuring is the _______________ component.
    1. Aformal
    2. Banalytical
    3. Ctechnical
    4. DNone of these

Information

Description
CPA FAR (ACCOUNTING PROCESS) Quiz on FAR WEEK 1 QUIZ, created by Justine Coronado on 25/01/2022.
Language
English
Views
0
Tags
faraccounting processcpa
Rating
No ratings yet
Rate this quiz
Rate this quiz

Feedback

What is it about?

What do you think of the new look?

How do you like it?