For multiple-choice and true/false questions, simply press or click on what you think is the correct answer. For fill-in-the-blank questions press or click on the blank space provided.
If you have difficulty answering the following questions, learn more about this topic by reading our Financial Accounting (Explanation).
Financial accounting is focused on the __________ financial statements of a company.
Financial statements report the fair market value of a company.
The U.S. government agency with authority over the financial reporting requirements of publicly traded corporations is the __________.
The non-government organization that researches and develops new accounting standards is the __________.
Want more practice questions?
Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.
We now offer five Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Working Capital and Liquidity, and Payroll Accounting. Click here to learn more.