Basic Accounting Quiz

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| By Alfredhook3

Alfredhook3

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Quizzes Created: 2940 | Total Attempts: 2,703,341

Questions: 18 | Attempts: 230 | Updated: Mar 20, 2022

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To check the basic accounting knowledge of the participant.

Questions and Answers

1.

Who is on the U.S. $500 bill?
- A.
  
  Teddy Roosevelt
- B.
  
  James K. Polk
- C.
  
  William McKinley
- D.
  
  William H. Taft
Correct Answer
C. William McKinley
2.

What accounting firm counts the award ballots for the Academy Awards?
- A.
  
  Pricewaterhousecoopers
- B.
  
  Ernst & Young
- C.
  
  Kpmg
- D.
  
  Arthur Andersen
Correct Answer
A. Pricewaterhousecoopers
3.

What does the new computer-based CPA exam have an increased emphasis on?
- A.
  
  Math Skills
- B.
  
  Science And Computer Programming
- C.
  
  Use Of Spreadsheets
- D.
  
  Information Technology And General Business Knowledge
Correct Answer
D. Information Technology And General Business Knowledge
4.

Which is not one of the four main sections of the new CPA exam?
- A.
  
  Financial Markets
- B.
  
  Financial Accounting & Reporting
- C.
  
  Auditing & Attestation
- D.
  
  Regulation
Correct Answer
A. Financial Markets
5.

What has recently increased the popularity of accounting programs in the Universities?
- A.
  
  Government Scandels
- B.
  
  Coverage Of Corporate Scandals
- C.
  
  Job Shortages
- D.
  
  New Fields In Accounting
Correct Answer
B. Coverage Of Corporate Scandals
6.

According to an AICPA poll, how was an intern's "on the job" experience before graduation rated?
- A.
  
  10% Very Important
- B.
  
  41% Very Important
- C.
  
  78% Very Important
- D.
  
  33% Very Important
Correct Answer
C. 78% Very Important
7.

As a new CPA your ability to land new opportunities will depend largely on how well you're able to?
- A.
  
  Use Network Of Contacts
- B.
  
  Work Very Quickly
- C.
  
  Work Long Hours
- D.
  
  Market Yourself
Correct Answer
D. Market Yourself
8.

Which of the following is not a good idea in trying to gain an edge over other job candidates?
- A.
  
  Dress The Part
- B.
  
  Make Your Resume Stand Out
- C.
  
  Work With Recruiters
- D.
  
  Be Funny During The Interview
Correct Answer
D. Be Funny During The Interview
9.

To join the American Institute of Certified Public Accountants, which criteria must you meet?
- A.
  
  Certified To Practice
- B.
  
  Passed The CPA Exam
- C.
  
  All Of These Choices
- D.
  
  Paid All Dues
Correct Answer
C. All Of These Choices
10.

What is "GAAP"?
- A.
  
  Greatly Accepted Accounting Principles
- B.
  
  Generally Accredited Accounting Principles
- C.
  
  Generally Accepted Accounting Principles
- D.
  
  Generally Accepted Accounting Practices
Correct Answer
C. Generally Accepted Accounting Principles
11.

Which section appears in the Code of Professional Conduct of the American Institute of Certified Public Accountants?
- A.
  
  Principles
- B.
  
  Services
- C.
  
  Regulations
- D.
  
  Punishments
Correct Answer
A. Principles
12.

In U.S. currency, what type of quarter was minted in 1931?
- A.
  
  None At All
- B.
  
  Standing Liberty
- C.
  
  Washington
- D.
  
  Barber
Correct Answer
A. None At All
13.

How many one-cent pieces are in $50.00?
- A.
  
  500
- B.
  
  550
- C.
  
  5 Thousand
- D.
  
  50 Thousand
Correct Answer
C. 5 Thousand
14.

Whose picture is on the $1,000 U.S. savings bond?
- A.
  
  George Washington
- B.
  
  Ben Franklin
- C.
  
  Thomas Jefferson
- D.
  
  Franklin Roosevelt
Correct Answer
B. Ben Franklin
15.

As per a report from Booz Allen & Hamilton what is the value of winning the Best Picture Award in "incremental box office"?
- A.
  
  Exceeds $500 Million
- B.
  
  $5 Million
- C.
  
  Less Than $50 Million
- D.
  
  Exceeds $100 Million
Correct Answer
D. Exceeds $100 Million
16.

How long does it take to do the CPA exam?
- A.
  
  2 Days
- B.
  
  1 Week
- C.
  
  1 Hour
- D.
  
  1 Day
Correct Answer
A. 2 Days
17.

How long does it typically take to prepare for the CPA exam?
- A.
  
  2 Months
- B.
  
  4-5 Months
- C.
  
  3 Weeks
- D.
  
  1 Week
Correct Answer
B. 4-5 Months
18.

Why does the FBI often hire CPAs?
- A.
  
  To Cross Train
- B.
  
  To Investigate White-Collar Crime
- C.
  
  To Work Undercover In Banks
- D.
  
  To Do Payroll
Correct Answer
B. To Investigate White-Collar Crime

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Current Version
Mar 20, 2022

Quiz Edited by
ProProfs Editorial Team
Mar 13, 2015

Quiz Created by
Alfredhook3

Basic Accounting Quiz

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

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

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

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

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

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

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

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

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

What is "GAAP"?

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

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

How many one-cent pieces are in $50.00?

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

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

How long does it take to do the CPA exam?

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

Why does the FBI often hire CPAs?