Finance and Accounting Quiz Certification

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Finance and Accounting Quiz Certification

Hi everyone, Here is an opportunity fr y’all. The Digital Adda has launched Finance and Accounting Certification Quiz & after completing the quiz you get Free Certificate. Get complete details below and apply:

Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.

About Quiz:

Financial Accounting teaches key accounting concepts and principles to illuminate financial statements and unlock critical insights into business performance and potential. Explore how managers, Wall Street Analysts, and entrepreneurs leverage accounting to drive strategic decision-making.

• Discover how balance sheets, income statements, and cash flow statements are developed and how each interact.
• Evaluate the financial health of a business using financial statements.
• Understand GAAP and IFRS standards.
• Prepare and evaluate financial forecasts to make strategic decisions.
• Value a venture, project, or investment opportunity and perform a sensitivity analysis.

Terms and Conditions:

• There are 15 MCQ Questions in this test.
• You need to score atleast 50% to get a certificate.
• A certificate of achievement will be awarded.

Benefits: Get Finance & Accounting Certificate from The Digital Adda which you can share in the Certifications section of your LinkedIn profile, on printed resumes, CVs, or other documents.

Question 1: These are economic resources with the ability or potential to provide future benefits? *

• Assets
• Liabilities
• Shareholder’s Equity
• Retained Earnings

Question 2: When revenue generated is greater than overall expenses, you have a _? *

• Net Loss
• Net Income
• Contributed Capital
• Historical Valuation

Question 3: Assets – Liabilities = __? *

• Net Income
• Revenue
• Net Loss
• Shareholder’s Equity

Question 4: Which financial statement shows the results of the operating activities of a firm for a specific period of time? *

• Trial Balance
• Balance Sheet
• Income Statement
• Statement Of Cash Flows

Question 5: This statement reports the net cash flows relating to operating, investing, and financing activities for a period of time? *

• Income Statement
• Unadjusted Trial Balance
• Statement Of Cash Flows
• Comparative Balance Sheet

Question 6: The government agency that has full authority to set working accounting methods in the U.S is? *

• FAA
• FASB
• SEC
• EEOC

Question 7: The amount of cash paid in acquiring an asset is called what? *

• Present Value
• Historical Value
• Net Realizable Value
• Current Replacement Cost

Question 8: Which is an example of an intangible asset? *

• Cash
• Tools & Equipment
• Supplies
• Patent

Question 9: Earnings that a firm realizes in excess of dividends are called what? *

• Income Statement
• Revenues
• Retained Earnings
• Expenses

Question 10: A __ lists each of the accounts in the general ledger with its balance as of a particular date. What is it? *

• Statement Of Retained Earnings
• Balance Sheet
• Trial Balance
• General Journal

Question 11: Which stock would an investor with a high risk tolerance prefer? *

• Stock A has a mean return of 7% and a standard deviation of 2%.
• Stock B has a mean return of 7% and a standard deviation of 10%.
• Stock C has a mean return of 12% and a standard deviation of 10%.
• Stock D has a mean return of 12% and a standard deviation of 20%.

Question 12: A holding period _________. *

• Is always a year
• Is always a month
• Is always a quarter
• Can be any length of time

Question 13: What does the standard deviation measure? *

• The gain on the investment.
• The holding period
• Risk
• The amount of dividend.

Question 14: In the financial markets, what is the DOW used for? *

• It is a measure of specific risk
• It is a measure of market risk
• It measures stock price levels for the entire market
• It measures the level of dividends paid by various companies

Question 15: How many stocks are included in the DOW? *

• 20
• 30
• 100
• 500

APPLY FOR THE QUIZ: CLICK HERE

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