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C213 Accounting for Decision Makers
2025/2026 Exam Questions and Answers
| A+ Score Assured
What does accounting focus on?
A. The impact a business's activities have on its relationships with customers.
B. The impact a business's activities have on the environment.
C. The impact a business's activities have on its public image.
D. The impact a business's activities have on its overall financial performance. - 🧠
ANSWER ✔✔D. The impact a business's activities have on its overall financial
performance.
Which report summarizes cash collections and cash expenditures from operating,
investing, and financing activities over a period of time?
A. Cash receipts and disbursements sheet
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
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B. Cash flow schedule
C. Summary of cash receipts
D. Statement of cash flows - 🧠 ANSWER ✔✔D. Statement of cash flows
Which users would have a primary concern with an organization's ability to
provide health benefits?
A. Competitors
B. Employees
C. Vendors
D. Suppliers - 🧠 ANSWER ✔✔B. Employees
Which benefit does a corporation gain by following Generally Accepted
Accounting Principles (GAAP)?
A. A decrease in its income tax obligations
B. A decrease in the amount of net income it reports
C. An increase in its comparability to other companies
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
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D. An increase in the amount of assets it reports - 🧠 ANSWER ✔✔C. An increase
in its comparability to other companies
Which body regulates a certified public accounting firm's audit practices when the
firm is auditing a large publicly traded company?
A. The Public Company Accounting Oversight Board (PCAOB)
B. The Financial Accounting Standards Board (FASB)
C. Another certified public accounting (CPA) firm
D. The Internal Revenue Service (IRS) - 🧠 ANSWER ✔✔A. The Public Company
Accounting Oversight Board (PCAOB)
What has had the most significant impact on accounting practices?
A. Certification requirements
B. New product innovations
C. Information technology
D. Mobile computing - 🧠 ANSWER ✔✔C. Information technology
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, 4
What two items of information are revealed on the balance sheet?
A. Ownership
B. Debt
C. Expenses
D. Revenues
E. Costs - 🧠 ANSWER ✔✔A. Ownership
B. Debt
Which term is defined as the residual interest in the net assets of a company?
A. Operating income
B. Liabilities
C. Revenues
D. Owners' equity - 🧠 ANSWER ✔✔D. Owners' equity
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
C213 Accounting for Decision Makers
2025/2026 Exam Questions and Answers
| A+ Score Assured
What does accounting focus on?
A. The impact a business's activities have on its relationships with customers.
B. The impact a business's activities have on the environment.
C. The impact a business's activities have on its public image.
D. The impact a business's activities have on its overall financial performance. - 🧠
ANSWER ✔✔D. The impact a business's activities have on its overall financial
performance.
Which report summarizes cash collections and cash expenditures from operating,
investing, and financing activities over a period of time?
A. Cash receipts and disbursements sheet
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,2
B. Cash flow schedule
C. Summary of cash receipts
D. Statement of cash flows - 🧠 ANSWER ✔✔D. Statement of cash flows
Which users would have a primary concern with an organization's ability to
provide health benefits?
A. Competitors
B. Employees
C. Vendors
D. Suppliers - 🧠 ANSWER ✔✔B. Employees
Which benefit does a corporation gain by following Generally Accepted
Accounting Principles (GAAP)?
A. A decrease in its income tax obligations
B. A decrease in the amount of net income it reports
C. An increase in its comparability to other companies
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,3
D. An increase in the amount of assets it reports - 🧠 ANSWER ✔✔C. An increase
in its comparability to other companies
Which body regulates a certified public accounting firm's audit practices when the
firm is auditing a large publicly traded company?
A. The Public Company Accounting Oversight Board (PCAOB)
B. The Financial Accounting Standards Board (FASB)
C. Another certified public accounting (CPA) firm
D. The Internal Revenue Service (IRS) - 🧠 ANSWER ✔✔A. The Public Company
Accounting Oversight Board (PCAOB)
What has had the most significant impact on accounting practices?
A. Certification requirements
B. New product innovations
C. Information technology
D. Mobile computing - 🧠 ANSWER ✔✔C. Information technology
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, 4
What two items of information are revealed on the balance sheet?
A. Ownership
B. Debt
C. Expenses
D. Revenues
E. Costs - 🧠 ANSWER ✔✔A. Ownership
B. Debt
Which term is defined as the residual interest in the net assets of a company?
A. Operating income
B. Liabilities
C. Revenues
D. Owners' equity - 🧠 ANSWER ✔✔D. Owners' equity
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
