Business Essentials, 12/e

Questions & Exercises

Questions For Review

1. 15-1. Who are the users of accounting information and for what purposes do they use it?

2. 15-2. Identify the three types of services performed by CPAs.

3. 15-3. Explain the ways in which financial accounting differs from managerial accounting.

4. 15-4. Discuss the activities and services performed by forensic accountants.

5. 15-5. What are the three basic financial statements, and what major information does each contain?

Questions for Analysis

1. 15-6. If you were planning to invest in a company, which of the three ...