Learn accounting and finance concepts fast and fun using contents from lessons covered in the Accounting Flashcards App. My Accounting Course is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. If you wish to take an accounting quiz please do so by first choosing a quiz from the Popular Quiz list below. Note that there is no time limit to answer the questions, and you can have as many goes at answering each question as you like. For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
Double Entry Bookkeeping
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Debits and Credits Quizzes
“I started using AccountingCoach when I found myself unemployed and looking to brush up on my cost accounting skills. It was a wonderful tool and I found it easy to use and contained all the information I would need to get familiar with the topic, all while not having to go back to my college books or my CPA review materials. It is affordably priced and well worth investing in. I am now employed and the materials I studied helped me to prepare for questions I received in the interview process regarding topics I needed to brush what is balance sheet definition of balance sheet, balance sheet meaning up on.”- Karen B. For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own.
- We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite accounting courses, including Accounting Fundamentals and Reading Financial Statements.
- For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
- “I started using AccountingCoach when I found myself unemployed and looking to brush up on my cost accounting skills. It was a wonderful tool and I found it easy to use and contained all the information I would need to get familiar with the topic, all while not having to go back to my college books or my CPA review materials. It is affordably priced and well worth investing in. I am now employed and the materials I studied helped me to prepare for questions I received in the interview process regarding topics I needed to brush up on.”- Karen B.
Financial Accounting (Practice Quiz)
Test your knowledge of bookkeeping and accounting with our online accounting basics quiz. Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. Almost 700 unique accounting questions with PDF available inside with questions, answers, and explanations.
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For multiple-choice and true/false questions, simply press or click on what you think is thecorrect answer.For fill-in-the-blank questions, press or click on the blank space provided. If you have difficulty answering the following questions, learn more about this topic byreading our Cash Flow Statement (Explanation). If you have difficulty answering the following questions, learn more about this topic byreading our Financial Statements (Explanation). If you have difficulty answering the following questions, learn more about this topic byreading our Financial Accounting (Explanation). Gain unlimited access to more than 250 productivity Templates, CFI’s full course catalog and accredited Certification Programs, hundreds of resources, expert reviews and support, the chance to work with real-world finance and research tools, and more.
CFI is the official global provider of the Financial Modeling and Valuation Analyst (FMVA)™ certification program, designed to transform anyone into a world-class financial analyst. Enroll now to gain the skills you need to take your career to the next level. If you have difficulty answering the following questions, learn more about this topic byreading our Accounting Basics (Explanation). For items 19 – 30 indicate whether they will have a positive or negative EFFECT ON CASH. If you need a refresher course on this topic you can view our bookkeeping basics tutorials here.
Cash Flow Statement
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He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. This Accounting Test is designed to help you assess your knowledge of essential accounting principles and basic concepts. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite accounting courses, including Accounting Fundamentals and Reading Financial Statements. This is also a useful resource for employers to examine the technical knowledge of the candidates during an accounting or finance interview. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement.