Basic Accounting Quiz

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  • 1/18 Questions

    How long does it typically take to prepare for the CPA exam?

    • 2 Months
    • 4-5 Months
    • 3 Weeks
    • 1 Week
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Accounting Quizzes & Trivia
About This Quiz

The Basic Accounting Quiz assesses knowledge on historical figures on U. S. Currency, roles of major accounting firms, and changes in CPA exam structure. It highlights the importance of IT and general business knowledge in accounting and reflects on how corporate scandals have influenced educational trends.

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  • 2. 

    According to an AICPA poll, how was an intern's "on the job" experience before graduation rated?

    • 10% Very Important

    • 41% Very Important

    • 78% Very Important

    • 33% Very Important

    Correct Answer
    A. 78% Very Important
  • 3. 

    To join the American Institute of Certified Public Accountants, which criteria must you meet?

    • Certified To Practice

    • Passed The CPA Exam

    • All Of These Choices

    • Paid All Dues

    Correct Answer
    A. All Of These Choices
  • 4. 

    Why does the FBI often hire CPAs?

    • To Cross Train

    • To Investigate White-Collar Crime

    • To Work Undercover In Banks

    • To Do Payroll

    Correct Answer
    A. To Investigate White-Collar Crime
  • 5. 

    Which of the following is not a good idea in trying to gain an edge over other job candidates?

    • Dress The Part

    • Make Your Resume Stand Out

    • Work With Recruiters

    • Be Funny During The Interview

    Correct Answer
    A. Be Funny During The Interview
  • 6. 

    What is "GAAP"?

    • Greatly Accepted Accounting Principles

    • Generally Accredited Accounting Principles

    • Generally Accepted Accounting Principles

    • Generally Accepted Accounting Practices

    Correct Answer
    A. Generally Accepted Accounting Principles
  • 7. 

    What does the new computer-based CPA exam have an increased emphasis on?

    • Math Skills

    • Science And Computer Programming

    • Use Of Spreadsheets

    • Information Technology And General Business Knowledge

    Correct Answer
    A. Information Technology And General Business Knowledge
  • 8. 

    Which is not one of the four main sections of the new CPA exam?

    • Financial Markets

    • Financial Accounting & Reporting

    • Auditing & Attestation

    • Regulation

    Correct Answer
    A. Financial Markets
  • 9. 

    How many one-cent pieces are in $50.00?

    • 500

    • 550

    • 5 Thousand

    • 50 Thousand

    Correct Answer
    A. 5 Thousand
  • 10. 

    Who is on the U.S. $500 bill?

    • Teddy Roosevelt

    • James K. Polk

    • William McKinley

    • William H. Taft

    Correct Answer
    A. William McKinley
  • 11. 

    As a new CPA your ability to land new opportunities will depend largely on how well you're able to?

    • Use Network Of Contacts

    • Work Very Quickly

    • Work Long Hours

    • Market Yourself

    Correct Answer
    A. Market Yourself
  • 12. 

    What accounting firm counts the award ballots for the Academy Awards?

    • Pricewaterhousecoopers

    • Ernst & Young

    • Kpmg

    • Arthur Andersen

    Correct Answer
    A. Pricewaterhousecoopers
  • 13. 

    Which section appears in the Code of Professional Conduct of the American Institute of Certified Public Accountants?

    • Principles

    • Services

    • Regulations

    • Punishments

    Correct Answer
    A. Principles
  • 14. 

    In U.S. currency, what type of quarter was minted in 1931?

    • None At All

    • Standing Liberty

    • Washington

    • Barber

    Correct Answer
    A. None At All
  • 15. 

    As per a report from Booz Allen & Hamilton what is the value of winning the Best Picture Award in "incremental box office"?

    • Exceeds $500 Million

    • $5 Million

    • Less Than $50 Million

    • Exceeds $100 Million

    Correct Answer
    A. Exceeds $100 Million
  • 16. 

    How long does it take to do the CPA exam?

    • 2 Days

    • 1 Week

    • 1 Hour

    • 1 Day

    Correct Answer
    A. 2 Days
  • 17. 

    What has recently increased the popularity of accounting programs in the Universities?

    • Government Scandels

    • Coverage Of Corporate Scandals

    • Job Shortages

    • New Fields In Accounting

    Correct Answer
    A. Coverage Of Corporate Scandals
  • 18. 

    Whose picture is on the $1,000 U.S. savings bond?

    • George Washington

    • Ben Franklin

    • Thomas Jefferson

    • Franklin Roosevelt

    Correct Answer
    A. Ben Franklin

Quiz Review Timeline (Updated): Mar 20, 2022 +

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  • Current Version
  • Mar 20, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 13, 2015
    Quiz Created by
    Alfredhook3

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