Accounting
Finance
ISM
Accounting Myths & Facts
Business Fun Facts
100

What is the first word that comes to mind when you think of Accountants?

Boring, Nerd, Smart, Excel 

100

What is a movie that you think of when you think about finance?

Wolf on Wall Street

100

What is the first word that you think of when you think of ISM?

Nerds/Computers

100

What is the least important skill needed by an accountant?

Math

100

What is the primary goal of all businesses?

Earn/Maximize Profits

200

What is a movie that you think of when you think about accounting?

The Accountant
200

What does CFO stand for? 

Chief Financial Officer 

200

What does CIO stand for? 

Chief Information Officer 

200

What percentage of CPA's (Certified Public Accountants) will retire by 2030?

70% or over 135,000 people

200

A Famous Celebrity who started in accounting: He was an American investment banker who dominated Wall Street.

JP Morgan 

300

What is the average starting salary for accountants?

55-75k

300

What does ROI stand for?

Return on Investments 

300

What is the average starting salary for ISM student?

70-90K

300

True or False: You need to pass just one test to earn the CMA certification.

False. The CMA exam is divided into two parts, covering topics like financial planning, performance, and control.

300

A Famous Celebrity who started in accounting: She is an American singer, actress, and dance from the 1980s/1990s. She is the sister of the “King of Pop.”

Janet Jackson

400

What is the average salary for accountants 5 years into their career?

130-160K

400

What is the average starting salary for financial students?

77-80k

400

What term describes the practice of protecting information systems from unauthorized access or cyber threats?

Cybersecurity

400

Of the FBI's 6,300 special agents, how many of them are accountants?

700+ (about 11% of the force)

400

What refers to the standards and moral values of a business?

Ethics

500

What is the accounting equation? 

Assets = Liabilities + Equity

500

What financial buzzword describes the phenomenon where investments grow exponentially due to reinvested earnings?

Compound Interest

500

What database query language is commonly used to retrieve and manipulate data?

SQL (Structured Query Language)

500

Do Financial statements always show the exact financial health of a business? 

No. Financial statements rely on estimates, judgments, and accounting principles, which can introduce some subjectivity.

500

A Famous Celebrity who started in accounting: He became the lead singer of the Rolling Stones.

Mick Jagger

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