Accounting Skills Assessment Practice Questions 2023 - Part 4
1. The controller's responsibilities are primarily in nature, while the treasurer's responsibilities are primarily related to?
A) Operational; Financial accounting
B) Accounting; Financial management
C) Financial management; Operations
D) Financial management; Accounting
2. Internal users of accounting information include all of the following except?
A) Store manager
B) Creditor
C) Chief executive officer
D) Chief financial officer
3. Which of the following does not describe accounting?
A) Language of business
B) Useful for decision making
C) Is an end rather than a mean to an end?
D) Financial accounting and accounting systems
4. External users of accounting information include all of the following except?
A) Investors
B) Labor Union
C) Line Manager
D) General Public
5. Which of the following persons are most likely to use accounting information?
A) Business owners
B) Lending institutions
C) None of the above
D) All of the above
A) Operational; Financial accounting
B) Accounting; Financial management
C) Financial management; Operations
D) Financial management; Accounting
2. Internal users of accounting information include all of the following except?
A) Store manager
B) Creditor
C) Chief executive officer
D) Chief financial officer
3. Which of the following does not describe accounting?
A) Language of business
B) Useful for decision making
C) Is an end rather than a mean to an end?
D) Financial accounting and accounting systems
4. External users of accounting information include all of the following except?
A) Investors
B) Labor Union
C) Line Manager
D) General Public
5. Which of the following persons are most likely to use accounting information?
A) Business owners
B) Lending institutions
C) None of the above
D) All of the above
1. Right Answer: B
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: D
Explanation:
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