课后练习总复习.ppt

Exercises Unit One II. Term Study. Match the terms in column A with the definitions in column B. A B 1. accounting 2. public accountant 3. Certified Public Accountant 4. private accountant 5. objectives of financial accounting 6. government accountant A. provide useful information for decision-making B. person must pass a series of examinations and meet certain other requirements C. work for one employer and offer services such as accounting, budgeting, and internal auditing D. audit tax returns and accumulate financial information for federal, provincial, and municipal agencies. E. the language of business F. offer auditing, management advisory, and tax services Exercises Unit One III. Decide whether the following statements are true or false. Write T for true and F for false. ( ) 1. Accounting is a system of gathering, summarizing and communicating financial information for a business firm, government or other organization. ( ) 2. Accounting practices are in two main fields – financial accounting and managerial accounting. ( ) 3. Accounting equation accounts for the common quantitative relation among accounting elements: Assets = Liabilities + Owner’s Equity ( ) 4. Accountants have an ethical obligation to maintain only moral competence. T T F F Exercises Unit One IV. Choose the best answer. 1. Which of the following describe accounting? A.is language of business B.is an information system C.is useful decision making D.all of the above 2. Accounting is an information system that _____. A.measures business activities B.processes information into reports C.communicates findings to decision-makers D.all of the above 3. Accounting information is used by _____. A.businesses B. government regulation agencies C.labor unions D.all of the above √ √ √ Exercises Unit One 4. A procedural ele