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Practice Reading: Fill in The Blanks (Drag & Drop) ID: #37177 Accounting
Instructions ›
In the text below some words are missing. Drag words from the box below to the appropriate place in the text. To undo an answer choice, drag the word back to the box below the text.
* Drag the correct answer into all target fields
While  accounting  focuses  on  the  day-to-day  management  of  financial    and  records  across  the  business  world,  finance  uses  this  same  information  to  project  future  growth  and  to    expenditure  in  order  to  strategize  company  finances.  So  finance  degree  students  will  likely  be  more  interested  in  financial    and  control,  while  accounting  degree  students  will  be  more  focused  on  professional    and  processes,  used  in  order  to  manage  numbers  rather  than    them.

analyze credits reports influence principles allegation strategy exceptions

Result:

AI explanationShows the answer. Tap to open.
Correct answer: reports

Explanation: The word 'reports' fits grammatically as a plural noun that complements 'financial,' indicating the type of management accounting focuses on. Contextually, it aligns with the idea of managing financial documentation in a business setting.

Meaning: 'Reports' refer to formal documents that present information in an organized format, often used for analysis and decision-making.

Wrong options:

  • credits: 'Credits' refers to amounts added to an account, which does not fit the context of financial management as it does not represent a type of documentation.
  • exceptions: 'Exceptions' refers to cases that do not follow a rule, which does not relate to the management of financial documentation.
  • allegation: 'Allegation' refers to a claim or assertion, typically without proof, which is unrelated to financial management or reporting.
  • principles: 'Principles' refers to fundamental truths or propositions, which do not fit as they do not describe a type of financial documentation.
  • strategy: 'Strategy' refers to a plan of action, which does not fit as it does not describe a type of financial documentation.
  • influence: 'Influence' refers to the capacity to have an effect on something, which does not fit as it does not describe a type of financial documentation.
Correct answer: analyze

Explanation: The verb 'analyze' fits grammatically as it follows 'to' indicating an action that finance performs with the information. Contextually, it aligns with the purpose of using financial information to assess and evaluate expenditure.

Meaning: 'Analyze' means to examine something methodically and in detail, typically for purposes of explanation and interpretation.

Wrong options:

  • credits: 'Credits' does not fit as it is a noun and does not represent an action related to evaluating financial data.
  • exceptions: 'Exceptions' is a noun that does not convey an action and does not relate to the evaluation of expenditure.
  • allegation: 'Allegation' is a noun that refers to a claim, which does not fit as it does not describe an action related to financial analysis.
  • reports: 'Reports' is a noun that does not fit as it does not describe an action but rather a type of document.
  • strategy: 'Strategy' is a noun that refers to a plan, which does not fit as it does not describe an action related to analyzing expenditure.
  • principles: 'Principles' is a noun that refers to fundamental truths, which does not fit as it does not describe an action.
Correct answer: strategy

Explanation: The term 'strategy' fits grammatically as a noun that complements 'financial,' indicating the focus area of finance degree students. Contextually, it aligns with the planning aspect of finance, which is crucial for future growth.

Meaning: 'Strategy' refers to a plan of action designed to achieve a long-term or overall aim, particularly in financial contexts.

Wrong options:

  • credits: 'Credits' refers to amounts added to an account, which does not relate to the focus of finance students on planning and strategy.
  • exceptions: 'Exceptions' refers to cases that do not follow a rule, which does not fit the context of financial planning or strategy.
  • allegation: 'Allegation' refers to a claim or assertion, which is unrelated to financial strategy or planning.
  • principles: 'Principles' refers to fundamental truths, which does not fit as it does not describe a focus area in finance.
  • influence: 'Influence' refers to the capacity to have an effect on something, which does not fit as it does not describe a focus area in finance.
Correct answer: principles

Explanation: The word 'principles' fits grammatically as a plural noun that complements 'professional,' indicating the foundational concepts accounting students focus on. Contextually, it aligns with the ethical and procedural standards in accounting.

Meaning: 'Principles' refer to fundamental truths or propositions that guide behavior and decision-making, particularly in professional contexts.

Wrong options:

  • credits: 'Credits' refers to amounts added to an account, which does not relate to the foundational concepts of accounting.
  • exceptions: 'Exceptions' refers to cases that do not follow a rule, which does not fit the context of professional standards in accounting.
  • allegation: 'Allegation' refers to a claim or assertion, which is unrelated to the principles guiding accounting practices.
  • strategy: 'Strategy' refers to a plan of action, which does not fit as it does not describe foundational concepts in accounting.
  • influence: 'Influence' refers to the capacity to have an effect on something, which does not fit as it does not describe foundational concepts in accounting.
Correct answer: influence

Explanation: The word 'influence' fits grammatically as a noun that completes the contrast with 'manage,' indicating what accounting students do not focus on. Contextually, it aligns with the idea of controlling numbers rather than affecting them.

Meaning: 'Influence' refers to the capacity to have an effect on the character, development, or behavior of someone or something.

Wrong options:

  • credits: 'Credits' refers to amounts added to an account, which does not fit as it does not relate to the concept of affecting or managing financial aspects.
  • exceptions: 'Exceptions' refers to cases that do not follow a rule, which does not fit the context of managing or influencing financial matters.
  • allegation: 'Allegation' refers to a claim or assertion, which is unrelated to the concepts of managing or influencing finances.
  • reports: 'Reports' refers to formal documents that present information, which does not fit as it does not describe a concept of influence.
  • principles: 'Principles' refers to fundamental truths, which does not fit as it does not describe a concept of influence in financial management.

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