Accounting As A Profession - SS1 Accounting Past Questions and Answers - page 1
What services do accountants provide?
Bookkeeping, tax preparation, financial statement analysis, auditing, and consulting.
Graphic design, social media management, web development, and SEO.
Legal services, medical care, and engineering design.
None of the above.
What degree do you typically need to become an accountant?
Degree in accounting or related field.
Degree in English literature.
Degree in history.
Degree in computer science.
Where do many accountants work?
Construction sites or factories.
Law firms or medical offices.
Accounting firms or in-house accounting departments for businesses.
None of the above.
Why is accounting a highly regulated profession?
To allow accountants to do whatever they want
To prevent people from becoming accountants.
To make accounting more difficult.
To ensure that financial information is accurate and reliable.
What is the purpose of ethical and legal standards in accounting?
The purpose of ethical and legal standards in accounting is to ensure that financial information is accurate and reliable and that the public can have confidence in the integrity of financial reporting.
How can a career in accounting be rewarding and challenging?
A career in accounting can be rewarding and challenging because accountants help clients navigate complex financial issues and make informed decisions, which can have a significant impact on their success and sustainability. Additionally, accountants may have opportunities for advancement and professional development and may work in a variety of industries and roles.