1. Accounting is an information and measurement system that does all of the following except?

A) Analyze transactions
B) Handle routine book-keeping tasks
C) Structure information
D) Recording social activities



2. Which of the following user groups required the most detailed financial information?

A) Lenders
B) Investor and potential investors
C) Government agencies
D) The management



3. AAA stands for?

A) American accounting agency
B) American accounting association
C) Asian accounting association
D) Australian accounting association



4. Which of the following provides information about the financial informationâ??s, obligations and activities on the economic entity that is intended for use primarily by external decision makers?

A) Management accounting
B) Financial accounting
C) Tax accounting
D) Environmental accounting



5. External reporting is the result of?

A) Financial accounting
B) Management accounting
C) Cost accounting
D) Social accounting