Accounting 101
Firm Facts
Metro DC
*RANDOM*
Acctg Stmnts
100
What GAAP stands for.
What is generally accepted accounting principles?
100
The number of DHG offices.
What is 12?
100
Our Regional Managing Partner (and fearless leader).
Who is Brian Carlton?
100
A sale to a customer for which cash will be received at a later date is recorded under.
What is accounts receivable?
100
The financial statement that reports the revenues and expenses for a period of time such as a year or a month.
What is the Income Statement?
200
In addition to the owner, this group also has claims against a company's assets.
Who are creditors?
200
The DHG core firm values.
What is Innovation, Trust, Passion, and Relationships?
200
One of the benefits of living in the Metro DC area.
What is access to the metro, diversity and culture, influx in supply of jobs, etc? (Answer up to Rachel's discretion)
200
The journal entry for when supplies are bought on account.
What is an increase (debit) in assets; increase (credit) in liabilities?
200
The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date.
What is the Balance Sheet?
300
This involves testing business records and procedures for accuracy in efforts to conduct an official financial examination of an individual's or organization's accounts.
What is auditing?
300
The current COO of DHG.
Who is Kent Satterfield?
300
Roughly the total number of employees in our market.
What is 250?
300
New coach of the Washington Redskins.
Who is Jay Gruden?
300
Wages Payable to Employees appears on this statement.
What is the Balance Sheet?
400
Four examples of different forms of businesses.
What are Sole Proprietorship, Partnership, Corporation, Limited Liability Company, S Corporation, Cooperative?
400
The international alliance of which DHG is a member.
What is Praxity?
400
Name three industries that DHG serves in Metro DC.
What is Construction & R/E, Banking, GovCon, Private Client Services, Not-for-Profit?
400
Assets minus liabilities.
What is stockholder's/owner's equity?
400
An example of a subsidiary ledger.
What is an Accounts Payable Ledger, Accounts Receivable Ledger, Fixed Assets Ledger, Inventory Ledger, Purchases Ledger?
500
The federal tax paid by employees and employers for old age, survivors, disability and hospitalization insurance.
What is FICA tax?
500
In addition to tax and assurance services, name two other services that DHG provides.
What is Advisory & Consulting, Risk Advisory, Sales & Use & Property Tax, Transaction Advisory Services, Forensic, Litigation Support & Valuation Services, IT Advisory Services?
500
Three other markets within DHG other than Metro DC.
What are Charlotte, Eastern NC, SCWC (South Carolina/Western Carolinas), Triad, Carolinas Corporate, Hampton Roads, Central Virginia, Western Mid-Atlantic, Mid-Atlantic Corporate, Atlanta-Birmingham, Jacksonville, Tampa Bay, Memphis-Dallas, South Corporate?
500
Two new players to the Washington Wizards.
Who is Paul Pierce, Kris Humphries, DeJuan Blair, Melvin Ely.
500
The three areas from which cash is derived detailed out on a Statement of Cash Flows.
What is cash flow from operating activities, cash flow from investing activities, cash flow from financing activities?
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