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Group5
100

Performs the core services

Who is the CPA’s?

100

These are items owned that have monetary value

What are assets?

100

It is anything of value that a person or business owns and therefore controls

What is property?

100

What is Asset, Liability, Owners Capital

What is permanent accounts?

100

What do CPAs in performance view do?

CPAs identify critical factors that will lead to success, measure track and analyze them in order to assess progress

200

Process of verifying the accuracy and legitamacy of the accounting practices.

What is an audit?

200
These are the 2 ways the fundamental accounting equation is stated.
What are 1) Assets-Liabilities=Owner's Equity and 2) Assets=Owner's Equity+Liabilities?
200
The business or person selling the item on credit, can be any person/business you owe money to
Who is a creditor?
200
What is revenue, expenses, owner's withdrawals
What is temporary accounts?
200

What do CPAs in Systrust do?

CPAs examine reliability of info systems and provide assurance that transactions are processed

300

GAAP’s last two letters stand for “Accounting Principles.” The first two are...

What is generally?

300
This line on the balance sheet refers to money owed by a company
What is Accounts Payable?
300
Identify the accounts affected Classify the account affected Determine the amount of increase or decrease for each account affected Make sure the accounting equation remains in balance
What is analyze a business transaction?
300
When you buy something and agree to pay for it later
What is Credit?
300

If a company plans to invest in a new computer system, who would they want/

Systrust

400

Also known as investigative or frad auditing, CPA’s search beneath the accounting records for criminal conduct.

What is Forensic Accounting?

400
This is the difference between total assets and total liabilities.
What is Owner's Equity?
400
Decreases both assets and owner’s equity
What is a withdrawal?
400
Property or items of value owned by a business
What is assets?
400

CPAs that use use problem solving skills to fix management issues and provide services

Management Consulting

500

Assurance services and info integrity, technology services, management consulting performance management, financial planning, and inernational services.

What are the core servises?

500
The term used to explain how quickly a company can convert assets into cash.
What is liquidity?
500
It is a legal right to property
What is a financial claim?
500
Is a list of all accounts used by a business.
What is chart of accounts?
500

As a financial planner, CPA assets clients in identifying objectives

Financial planning

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