What are the two methods used to prepare the Statement of Cash Flows?
Direct/Indirect
100
What is a voluntary association of two or more persons for the purpose of conducting a business?
Partnership
100
What organization sets U.S. financial accounting standards?
The Financial Accounting Standards Board (FASB)
100
What year was Southern established?
1892
200
Name two methods used to calculate depreciation.
Straight-line, Double-Declining Balance, Units-of-Activity,
Sum of Years' Digits, MACRS
200
What is an exclusive privilege granted for 20 years to an inventor that gives the holder the right to exclude others from making, using, or selling the invention?
Patent
200
Which financial statement reports on a POINT in time (e.g. a specific date)?
Balance Sheet
200
What was the name of the school just before it became a university with its current name?
Southern College of Seventh-day Adventists
300
What are the two general categories of liabilities on a classified balance sheet?
Short-term/Long-term OR Current/Non-current
300
Define the letters of the acronym SWOT analysis.
Strength
Weakness
Opportunities
Threats
300
What do we call unaudited quarterly reports for SEC companies?
10-Q
300
When the school was called SMC, what was the joked about name of the school--using those initials?
Southern Matrimonial College
400
Name all of the financial statements that report company performance for a PERIOD of time.
Income Statement, Statement of Retained Earnings/Owner's Equity, Statement of Cash Flows
400
What is the Form 10-K?
SEC filing for the company's audited annual report
400
What does the acronym IFRS stand for?
International Financial Reporting Standards
400
When did the School of Business and Management begin its graduate programs?