Bowman Trivia
Who is in charge of the firm?
Managing Partner
What is the accounting equation?
Assets = Liabilities + Equity
Who invented double entry accounting?
Luca Pacioli (1494)
What is Mike's favorite college football team?
Alabama Crimson Tide
150
When was the firm founded?
1939
What is the form used for a individual's tax return?
Who was the first CPA?
Frank Broaker (1896)
Where did Amy go to college?
Drexel University (Philadelphia, PA)
How many parts are there to the Uniform CPA Exam?
4 parts
What are the two main departments of the firm?
Commerical and Governmental
What are the three main financial statements?
Balance sheet, Income statement, and Statement of cash flows
How many CPA's are there in NJ?
About 14,000
What is Dennis' cat name?
John Lennon
How much is the CPA designation worth over a lifetime?
Over $1 million (only going up)
How many offices does Bowman have?
4 (Voorhees, Haddonfield, Woodbury, and Moorestown)
What does GAAP stand for?
Generally accepted accounting principles
When was the first CPA exam given?
1896
Who was Amy's favorite teacher at Lenape?
Mr. Smith
How long do you have to pass the CPA exam?
18 months (there is a suggestion to move to 30 months, not yet approved in NJ)
What are the two main types of work the firm does for its clients?
Audits and tax return preparation
What is "anything that has a current or future economic value to a business?"
Asset
Where was the first CPA exam given?
New York
Who is the immediate past president of the NJCPA, New Jersey Society of CPA's?
Harry Wills
Do you have to take the CPA exam if you go to college for accounting?
No