The field of accounting may not be described as:
A: Recording the financial transactions of an economic entity.
B: Developing information in conformity with generally accepted accounting principles.
C: The art of interpreting, measuring, and describing economic activity.
D: Developing the information required for the preparation of income tax returns.
A: Recording the financial transactions of an economic entity.
B: Developing information in conformity with generally accepted accounting principles.
C: The art of interpreting, measuring, and describing economic activity.
D: Developing the information required for the preparation of income tax returns.
举一反三
- The accounting process involves all of the following except （ ）. A: identifying economic transactions that are relevant to the business B: recording nonquantifiable economic events C: analyzing and interpreting financial reports D: communicating financial information to users by preparing financial reports
- All<br/>of the following are characteristics of management accounting,<br/>except(): A: Reports<br/>are used primarily by insiders rather than by persons outside of<br/>the business entity. B: Its<br/>purpose is to assist managers in planning and controlling business<br/>operations. C: Information<br/>must be developed in conformity with generally accepted accounting<br/>principles or with income tax regulations. D: Information<br/>may be tailored to assist in specific managerial decisions.
- All<br/>of the following are characteristics of management accounting,<br/>except:<br/>() A: Reports<br/>are used primarily by insiders rather than by persons outside of<br/>the business entity. B: Its<br/>purpose is to assist managers in planning and controlling business<br/>operations. C: Information<br/>must be developed in conformity with generally accepted accounting<br/>principles or with income tax regulations. D: Information<br/>may be tailored to assist in specific managerial decisions.
- The financial information provided by an accounting system is needed by managerial decision makers to help them plan and control the activities of the economic entity.
- The rules adopted by the accounting profession as guides in preparing financial statements are: A: Comprised of both general and specific principles. B: Known as generally accepted accounting principles. C: Abbreviated as GAAP. D: Intended to make information in financial statements relevant, reliable, and comparable. E: All of these.