It deals with recording, classifying and summarizing the details of materials, labor and overhead necessary to produce and sell product or service. Select one: a. Auditing b. Financial Accounting c. Cost Accounting d. Government Accounting Question 2 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Sub-area of the accounting profession that deals primarily with providing information to external data-users, including but not limited to financial statements. Select one: a. Financial Accounting b. Bookkeeping c. Owners and managers d. Financial Statements Question 3 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Deals with independent verification and examination of the accounting records for the purpose of giving an opinion on the fairness of its presentation. Select one: a. Financial Accounting b. Owners or managers c. Fund Accounting d. Auditing Question 4 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Public Accounting, as a sub-discipline of accounting, includes: Select one: a. Cost accounting b. Managerial Advisory services c. Internal auditing d. Management Accounting Question 5 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Which of the following is a mechanical aspect of accounting? Select one: a. Designing the accounting system b. Preparation of a financial budget c. Analyzing the transactions preparatory to the recording process. d. Reviewing the effectiveness of the internal control procedures Question 6 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Which of the following statement is not true? Select one: a. A non-CPA may be engaged in public accounting. b. To be a good accountant, one must have mastery of mathematics. c. A non-accounting graduate may work as a bookkeeper or accountant of a business enterprise. d. A non-CPA may be the chief accountant of a business enterprise. Question 7 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text A person with knowledge of accounting, who does the routine work of recording, classifying, and summarizing phases of accounting. Select one: a. Bookkeeper b. Controller c. Management consultant d. Tax accountant Question 8 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text A person who is responsible for the formation and molding the mind of competitive accountants and consultants. Select one: a. Accounting professor b. Government Accounting c. Bookkeeper d. Auditor Question 9 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text A government agency in charge of regulating and licensing the practices of profession like accounting, medicine, engineering, nursing and the like. Select one: a. PICPA (Philippine Institute of Certified Public Accountant) b. BOA-BOARD (Board of Accountancy) c. PRC (Professional Regulation Commission) d. IAS (International Accounting Standard) Question 10 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Private accounting, as a sub-discipline of accounting, includes: Select one: a. Tax consultancy b. Management Accounting c. External auditing d. Managerial advisory services