BACK TO BASICS
NOW I KNOW MY ABC'S
INS AND OUTS
PAY THE KING HIS DUE
LONDON BRIDGE IS FALLING DOWN
100
Process of identifying, measuring, and reporting financial information of an entity
What is ACCOUNTING
100
CPA
What is a Certified Public Accountant
100
Accounts that add value to your business or individual worth
What are Assets
100
Basic individual tax form
What is a 1040
100
The second largest long distance communications company filed bankruptcy July 19, 2002
Who is WorldCom
200
Property with a cash value that is owned by a business or individual
What is an Asset
200
NYSSCPA's
What is the New York State Society of CPA's
200
Accounts that remove value from your business or individual worth
What are Liabilities
200
IRS
What is the Internal Revenue Service
200
A once very prominent investment firm that was sold to JP Morgan Chase for as low as $10.00 per share in 2008
Who is Bear Stearns
300
Summary of a company's financial status, including, assets, liabilities, and equities.
What is a Balance Sheet
300
COAP
What is Career Opportunities in the Accounting Profession
300
The individual accounts setup to record the financial transactions that occur, as expenditure, in generating that income
What are Expense Accounts
300
A person that may claimed by someone else on their tax return
What is a dependent
300
An American energy company based in Houston, Texas, that filed bankruptcy December 2, 2001
What is Enron
400
Money owed to creditors vendors etc
What is an Liability
400
NABA
What is the National Association of Black Accountants
400
Individual contribution of money, or other financial equivalent, invested in individual or business worth.
What is Equity
400
Standard date that most tax returns must be filed by
What is April 15
400
This auditing and accounting firm's dissolution directly correlated with the down fall of Enron and reduced the "Big 5" to the "Big 4"
Who is Arthur Anderson
500
What is Revenue
Total income before expenses
500
LIU
What is Long Island University
500
The posting or entering of the financial transactions to a particular account
What are Journal Entries
500
Prepares taxes for clients
What is a Certified Public Accountant (CPA)
500
What kind of an accountant is needed more then ever
What is an Auditor
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