20 questions
What is accounting ?
Information science used to collect and organize financial data.
Information science used to collect and finalize financial data.
Collecting and Organizing financial data.
When was the Sarbanes Act Passed?
2000
1998
2002
1999
Sarbanas Act was passed by......
U.S
U.S. Constitution
U.S. Congress
U.S Senate
The SEC or "Securities and Exchange Commission" was a government created to
regulate the frequency of trades in the marketplace.
protect buyers and sellers against fraud.
insure investments to protect capital gains.
SEC mission is.....
protect investors
sustain a growing economy that produces jobs, improves living standards, and protect investors.
a decline in economy that produces jobs, improves living standards, and protect investors.
Please select the one that does not fall in the 5 functions of the U.S. Securities and Exchange Commission.
Looking toward the future
Sharing Fair Markets
Creating Fair
Ensuring Corporate Disclosure
Protecting Investors
How many hours do you need to have to sit for the CPA Exam?
130 semester hours undergraduate coursework.
120 semester hours undergraduate coursework.
100 semester hours undergraduate coursework.
125 semester hours undergraduate coursework.
Please select all the skills that were mentioned in Accounting Skills EdPuzzle.
Math
Psychotherapy
Psychology
Business Law
Operations
Please select the top 3 Specializations that were discussed in class.
Advanced Accounting
Business Accounting
Cost Accounting
Forensic Accounting
This is verification that your bank statement and your check book balance out correctly.
Budget
Bad Debt
Bond
Bank reconciliation
Calendar Years mean......
Covering 3 months and ending 6 months
Covering 12 months and ending Dec. 31st
Covering 12 months and ending Dec. 30th.
Covering 6 months and ending Dec. 31st
A formal statement statement of management expectations of sales, expenses, and other financial transactions of an organization .
Planning and Control
Budget
Business
Bond
Please check the following equation for Annual Percentage Rate.
(1+r/m) m=0
(1+r/m) m-1.0
(1+r/m) m+1.0
This is an organization created with the objective of making a profit from the sale of goods or services.
Capital
Calendar Year
Business Failure
Business
This can either be technical insolvency or bankruptcy.
Business
Business Failure
Board of Directors
A record that holds the results of financial transactions is.....
Accounting
Account
Audit
Business dealings between independent and rational parties who are looking out for their own inerests.
Capital
Audit
Arms-Length Transactions
Audit is..........
A CPAs unqualified opinion means that the financial statement he/she has audited present fairly the financial position and operating results of the company in conformity with GAAP
the net amount shown in the accounts of an asset, liability, or owners equity item.
An independent accountants review of the financial statements and their footnotes to ensure compliance with generally accepted accounting principals.
_______ are Economic resources owned or controlled by a person or company.
Accounting
Assets
Annual Report
Property or money used and owned by a business and used to acquire future income or benefits.
Cash Flow
Capital
Book Value