Financial Accounting
It is the first step in the accounting cycle.
What analyze the source documents.
Form 1040
What is the most common form used to file individual tax returns?
Enron was the impetus of the this game changing legislation.
What was Sarbannes Oxley.
This is the term that best describes direct labor costs.
What is a product or a prime cost?
This is the famous movie dog who was named after a famous composer.
What is Beethoven?
You get this when you subtract Expenses from Revenues.
What is net income?
The form where a sole proprietor enters their business income and expenses.
What is the Schedule E
This is where SOX got its name.
Who are Sarbannes and Oxley.
The difference between the sales price and total variable costs.
What is the contribution margin.
This TV dog is the most famous collie ever.
What is Lassie?
The method of Statement of Cash Flows preparation preferred by the FASB for GAAP.
What is the Direct Method.
What you do if there are errors on a tax return.
What is amend the return?
The form that where deductions are filed.
What is schedule A?
What is qualitative data.
This dog was Tom Hanks best friend.
Who is Hooch.
This is the correct order to prepare financial statements.
What is the income statement, statement of shareholder's equity, the Balance Sheet, and the Statements of Cash Flows
The individuals who may represent the client before an IRS tax court.
Who are CPAs, EAs and JDs?
This is the law that followed the 2008 banking problems,
What is Dodd Frank?
This involves the development of short-term objectives and goals.
What is operational planning?
The movie that proved that all good dogs do this.
What is go to Heaven.
Direct write off, percentage of receivables, aging, and percentage of sales
What are the correct methods to estimate noncollectable accounts receivable.
The 1040 is this after the new tax reform bill.
What is much shorter.
The person who led the biggest pyramid scheme in United States history.
Who is Bernie Madoff?
The primary responsibility of a managerial accountant.
Analyze information and create knowledge.
This person owns the best two dogs ever created.
Who is Professor Kuglin?