Accounting and Finance MCQs Test 3

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on March 25, 2022

About This Quiz:

  • Chapter: Accounting and Finance
  • Quiz Type: Multiple choice questions (MCQs)
  • Number of MCQs: 40
  • Total Points: 40
  • Approximate Time Required: 10 – 15 minutes

Accounting and Finance Multiple Choice Questions

Frequently Asked Questions

What does accounting and finance do?

Accounting and finance involves the study of money, business and management. Accounting relates to the analysis of information for different aspects of a business, while finance solely concerns a business’ monetary funds.

Why is accounting better than finance?

According to NACE data, in 2019 the median starting salary for people with a bachelor’s degree in finance was $57,750. In the same year, people with an accounting degree typically had a median starting salary of $57,250.

Why is accounting better than finance?

Why is accounting better than finance?

Are finance and accounting the same?

Finance is a broader term for the management of assets and liabilities and the planning of future growth, whereas accounting focuses on the day-to-day flow of money in and out of a company or institution.

Why is financial accounting important?

Financial accounting is important for businesses because it helps management make sound decisions on how to allocate their resources. In addition, financial accounting helps you communicate your business finances to outside parties such as creditors and investors.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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