A, L, & OE
These are items owned that have a monetary value.
What are assets?
The first civilization that references accounting.
What is Mesopotamia?
The practice of recording, storing, retrieving, keeping, and analyzing the financial records of a company.
What is bookkeeping?
Used to record a business transaction in the accounting records of a business.
What is a journal entry?
Department Chair for Business
Who is Professor Rich?
A company's total assets are equal to the sum of its liabilities and its shareholders' equity.
What is the accounting equation?
The holiday that accountants celebrate.
What is Tax Day?
The on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance to requirements.
What is auditing?
An account or record used to store bookkeeping entries for balance-sheet and income-statement transactions. (Hint: After the journal entry)
What is a ledger?
Allows you to take 2 graduate courses for an undergraduate price, and you can get your MBA
What is the 5-year program?
Any debts your company has
What are liabilities?
Father of Modern Accounting
Who is Luca Pacioli?
The subsector of accounting that deals with the preparations of tax returns and tax payments.
What is a tax accountant?
How individuals file a federal income tax return with the IRS
What is a 1040?
Best Advisor and Best Accounting Teacher (Hint: She supervises the Accounting Club
Who is Professor Callahan?
This is the difference between total assets and total liabilities.
What is Owner's Equity?
First accounting software founded in 1981
What is Peachtree?
Investigates incidents of fraud, bribery, money laundering and embezzlement by analyzing financial records and transactions, tracing assets, and more
What is forensic accounting?
Tax form for U.S. Income Tax Return for Estates and Trusts
What is a 1041?
Name two adjunct Accounting Professors
Who is
* Saint Fort
* Dunlow
* Mahoney
The term used to explain how quickly a company can convert assets into cash.
What is liquidity?
The dog breed invented to protect tax collectors
What is the Doberman?
Top financial position in an organization. They are responsible for tracking cash flow and financial planning and analyzing the company's financial strengths and weaknesses and proposing strategic directions.
What is a CFO?
The form that an employer summaries the total wages and income tax withholdings
What is a W-2?
CPA review course offered to Caldwell Students for a discount
Becker CPA Review