Basic Accounting Principles and Financial Management Quiz Challenge yourself with questions on basic accounting principles, financial statements, ratios, and more in this quiz. Let's see how well you understand financial management!
#1
Building
Equipment
Inventory
Land
#2
Return on Investment
Rate of Inflation
Revenue over Interest
Risk of Investment
#3
Generally Accepted Accounting Principles
Generally Acknowledged Accounting Procedures
General Accounting and Auditing Practices
Global Accounting and Auditing Principles
#4
Accounts Payable
Short-term loans
Notes Payable
Accrued Expenses
#5
Income Statement
Cash Flow Statement
Balance Sheet
Statement of Stockholders' Equity
#6
Assets = Liabilities - Equity
Assets = Liabilities + Equity
Assets + Liabilities = Equity
Assets - Liabilities = Equity
#7
Income Statement
Cash Flow Statement
Balance Sheet
Statement of Retained Earnings
#8
A decrease in the value of an asset over time
An increase in the value of an asset over time
A sudden loss of asset value
A sudden gain in asset value
#9
Current Assets / Current Liabilities
Current Liabilities / Current Assets
Total Assets / Total Liabilities
Total Liabilities / Total Assets
#10
To measure a company's liquidity
To evaluate a company's profitability
To assess a company's solvency
All of the above
#11
Earnings Before Interest and Tax
Earnings Before Income and Tax
Earnings Before Interest and Total Expenses
Earnings Before Investment and Tax
#12
To decrease the risk of investment
To increase the risk of investment
To increase the potential return on investment
To decrease the potential return on investment
#13
A company's profitability
A company's liquidity
A company's solvency
A company's financial leverage
#14
(Net Income + Interest Expense) / Total Revenue
Net Income / Total Revenue
Net Income / Total Assets
Net Income / Total Equity
#15
The process of writing off the value of an intangible asset over its useful life
The process of increasing the value of an intangible asset over its useful life
The process of calculating the return on investment
The process of calculating the present value of future cash flows
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