Match the Accounting Position to the Job Description

question 34

Multiple Choice

Match the accounting position to the job description.
-Certified Public Accountant

• A)Specializes in accounting and financial management knowledge
• B)Serves the general public
• C)Performs reviews of companies to ensure compliance to rules and regulations
• D)Compiles financial statements, interacts with auditors, oversees regulatory reporting

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Definitions:

Net Operating Income

Net Operating Income is the total revenue from operations minus operating expenses, excluding taxes and interest. It highlights a company's operational efficiency.

Revenue And Spending Variances

The differences between budgeted and actual figures for revenue and expenditures, used in budgetary control and financial analysis.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, often used to compare with actual results to assess performance.

Revenue Variance

The difference between actual revenue earned and the expected or budgeted revenue, indicating performance relative to financial projections.