Accounting Trivia Question

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| By Cambronbill3

Cambronbill3

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Quizzes Created: 2463 | Total Attempts: 1,070,071

Questions: 25 | Attempts: 165 | Updated: Mar 21, 2022

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This quiz is intended to find out how much the students know about accounting from their daily experiences.

Questions and Answers

1.

In schools nationwide, what has become the latest and hottest sub-specialty?
- A.
  
  Estate Planning
- B.
  
  Forensic Accounting And Fraud Tracking
- C.
  
  Information Technology
- D.
  
  Government Regulation
Correct Answer
B. Forensic Accounting And Fraud Tracking
2.

On average how much does a Chief Financial Officer (CFO) earn in a large company?
- A.
  
  $85,250-$153,000
- B.
  
  $168,000-$353,750
- C.
  
  $56,750-$110,500
- D.
  
  $96,250-$147,000
Correct Answer
B. $168,000-$353,750
3.

Who is the President & CEO of the AICPA?
- A.
  
  Richard Miller
- B.
  
  Barry C Melancon
- C.
  
  Dale Atherton
- D.
  
  Valerie Rainey
Correct Answer
B. Barry C Melancon
4.

The AICPA in July, 1964 passed this membership milestone?
- A.
  
  100,000
- B.
  
  300,000
- C.
  
  200,000
- D.
  
  50,000
Correct Answer
D. 50,000
5.

Who can perform the S.E.C. mandatory audit of a publicly traded U.S. company?
- A.
  
  Stock Broker
- B.
  
  Accountant
- C.
  
  Security Broker
- D.
  
  Cap
Correct Answer
D. Cap
6.

According to the American Institute of Certified Public Accountants survey what is number one technology concern for CPAs?
- A.
  
  Data Integration
- B.
  
  Electronic Document Management
- C.
  
  Information Security
- D.
  
  Disaster Recovery
Correct Answer
C. Information Security
7.

Who is on the U.S. $10,000 bill?
- A.
  
  Grover Cleveland
- B.
  
  Salmon P. Chase
- C.
  
  Woodrow Wilson
- D.
  
  Leon Czolgolz
Correct Answer
B. Salmon P. Chase
8.

Who is on the U.S. $1,000 bill?
- A.
  
  Andrew Johnson
- B.
  
  Grover Cleveland
- C.
  
  Calvin Coolidge
- D.
  
  James Madison
Correct Answer
B. Grover Cleveland
9.

Whose picture is on the $5000 U.S. Savings Bond?
- A.
  
  John F Kennedy
- B.
  
  Ronald Reagan
- C.
  
  Paul Revere
- D.
  
  George Washington
Correct Answer
C. Paul Revere
10.

According to the "Detroit News", during the 2002-2003 academic year what percentage of interns did employers turn into full-time employees?
- A.
  
  0.84
- B.
  
  0.05
- C.
  
  0.14
- D.
  
  0.38
Correct Answer
D. 0.38
11.

According to Forresters, the exportation of American jobs to foreign counties can cut costs for companies up to what percentage?
- A.
  
  0.5
- B.
  
  0.15
- C.
  
  0.22
- D.
  
  0.1
Correct Answer
A. 0.5
12.

According to a "USA Today" article, what percentage of undergraduates at four-year colleges have jobs?
- A.
  
  0.12
- B.
  
  0.77
- C.
  
  0.25
- D.
  
  0.33
Correct Answer
B. 0.77
13.

What group's mission is to match practicing accountants with nonprofit groups who need financial consultation?
- A.
  
  Clearinghouse Volunteer Accounting Services
- B.
  
  Financial Executives International
- C.
  
  Careerbank.Com
- D.
  
  American Institute Of Certified Public Accountants
Correct Answer
A. Clearinghouse Volunteer Accounting Services
14.

From April 2003 to January 2004, New York City earned how much in tax revenues from restaurants?
- A.
  
  $711 Million
- B.
  
  $17.4 Million
- C.
  
  $5.5 Million
- D.
  
  $252 Million
Correct Answer
B. $17.4 Million
15.

What year was Clearinghouse Volunteer Accounting Services (CVAS) started?
- A.
  
  1925
- B.
  
  2003
- C.
  
  1919
- D.
  
  1983
Correct Answer
D. 1983
16.

According to an AICPA poll, 52% responded that this should be the primary focus of corporate executives?
- A.
  
  Producing The Best Possible Product Or Service
- B.
  
  Protecting Loyal Company Employees
- C.
  
  Building Shareholder Value
- D.
  
  Protecting The Company?S Reputation
Correct Answer
A. Producing The Best Possible Product Or Service
17.

According to an AICPA poll, which region is the top destination for relocating after graduation?
- A.
  
  East Coast
- B.
  
  Abroad
- C.
  
  West Coast
- D.
  
  Midwest
Correct Answer
A. East Coast
18.

According to The Consumer Bankers Association in 2003, what is the average car loan term?
- A.
  
  48 Months
- B.
  
  70 Months
- C.
  
  63 Months
- D.
  
  36 Months
Correct Answer
C. 63 Months
19.

According to Nellie Mae (2002) the average college graduates carries how much credit card debt?
- A.
  
  5000
- B.
  
  225
- C.
  
  1000
- D.
  
  3000
Correct Answer
D. 3000
20.

Are exam takers required to take the sections of the computer based Uniform CPA Examination in a specific order?
- A.
  
  Audit & Attestation Always Last
- B.
  
  Audit & Attestation Always First
- C.
  
  Financial Accounting First
- D.
  
  No Specific Order
Correct Answer
D. No Specific Order
21.

The American Institute of Certified Public Accountants (AICPA) is the premier national professional association representing how many CPAs?
- A.
  
  340000
- B.
  
  100000
- C.
  
  2.1 Million
- D.
  
  1 Million
Correct Answer
A. 340000
22.

New member AICPA enrollment fee is?
- A.
  
  145
- B.
  
  65
- C.
  
  25
- D.
  
  Free
Correct Answer
B. 65
23.

On what type of questions does the Sarbanes -Oxley Act of 2002 apply to on the computerized CPA Exam?
- A.
  
  Questions Directed At Sec Reporting Companies
- B.
  
  Questions On Ira Accounts Only
- C.
  
  Government Realted Questions
- D.
  
  Questions Related To Ethics
Correct Answer
A. Questions Directed At Sec Reporting Companies
24.

How many jurisdictions in the USA administer CPA licensing and exams?
- A.
  
  50
- B.
  
  54
- C.
  
  2
- D.
  
  1
Correct Answer
B. 54
25.

What is a CITP?
- A.
  
  Computer Information Technology Professional
- B.
  
  Certified Information Trade Professional
- C.
  
  Certified Information Technology Professional
- D.
  
  Certified Information Technology Programmer
Correct Answer
C. Certified Information Technology Professional

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Current Version
Mar 21, 2022

Quiz Edited by
ProProfs Editorial Team
Mar 13, 2015

Quiz Created by
Cambronbill3

Accounting Trivia Question

In schools nationwide, what has become the latest and hottest sub-specialty?

On average how much does a Chief Financial Officer (CFO) earn in a large company?

Who is the President & CEO of the AICPA?

The AICPA in July, 1964 passed this membership milestone?

Who can perform the S.E.C. mandatory audit of a publicly traded U.S. company?

According to the American Institute of Certified Public Accountants survey what is number one technology concern for CPAs?

Who is on the U.S. $10,000 bill?

Who is on the U.S. $1,000 bill?

Whose picture is on the $5000 U.S. Savings Bond?

According to the "Detroit News", during the 2002-2003 academic year what percentage of interns did employers turn into full-time employees?

According to Forresters, the exportation of American jobs to foreign counties can cut costs for companies up to what percentage?

According to a "USA Today" article, what percentage of undergraduates at four-year colleges have jobs?

What group's mission is to match practicing accountants with nonprofit groups who need financial consultation?

From April 2003 to January 2004, New York City earned how much in tax revenues from restaurants?

What year was Clearinghouse Volunteer Accounting Services (CVAS) started?

According to an AICPA poll, 52% responded that this should be the primary focus of corporate executives?

According to an AICPA poll, which region is the top destination for relocating after graduation?

According to The Consumer Bankers Association in 2003, what is the average car loan term?

According to Nellie Mae (2002) the average college graduates carries how much credit card debt?

Are exam takers required to take the sections of the computer based Uniform CPA Examination in a specific order?

The American Institute of Certified Public Accountants (AICPA) is the premier national professional association representing how many CPAs?

New member AICPA enrollment fee is?

On what type of questions does the Sarbanes -Oxley Act of 2002 apply to on the computerized CPA Exam?

How many jurisdictions in the USA administer CPA licensing and exams?

What is a CITP?