zip, 54.55 KB
zip, 54.55 KB

The Role of Accountants and Accounting Information Test Bank

This test bank contains around 138 questions such as Multiple-Choice Questions, Scenario Questions and Art Questions.

Test Bank The Role of Accountants and Accounting Information will help you to assess following learning objectives of students:

  1. Explain the role of accountants in business and distinguish among the kinds of work done by public accountants, private accountants, management accountants, and forensic accountants.

  2. Explain the accounting equation and how it is used.

  3. Describe the three basic financial statements and show how they reflect the activity and financial condition of a business.

  4. Explain the key standards and principles for compiling and reporting financial statements.

  5. Describe how computing financial ratios can help investors and other stakeholders to get more information from financial statements to determine the financial strengths of a business.

  6. Discuss the role of ethics in accounting.

  7. Describe the purpose of the International Accounting Standards Board and explain why it exists.

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