Auditing
The process ranging from the initiation of a sales transaction, to shipping a product , billing the customer, and collecting cash for the sale or writing off of uncollectible receivables.
What is the revenue cycle?
This was the setting of the infamous witch trials in 1692-1693
What is Salem?
This book series is the highest selling of all time
What is Harry Potter?
The middle area of the golf course which is between the tee-off area and the putting green
What is the fairway?
The three AAFCPAs colors
What are turquoise, teal, and orange?
It can be misappropriated because (1) individual transactions vary greatly in size and (2) it is the most negotiable financial instrument.
What is cash is an inherently risky asset?
This construction project, completed in 2007 (lasting 16 years) reshaped Boston
What is the Big Dig?
"Saturday Night Live" is run by this guy...
Who is Lorne Michaels?
The youngest driver to ever win a Formula One race
Who is Max Verstappen? (He was 24!)
Carla McCall was the chairwoman of this organization last year
What is AICPA?
A technique used to cover up the embezzlement of cash whereby a cash collection from one customer is stolen by an employee who takes another copmany's payment and credits the fist customer. This process continues and at any point in time at lease one customer's account is overstated.
What is lapping?
People still claim that on hot days, you can smell this substance wafting through the streets of Boston...
What is molasses?
This movie was mistakenly announced as the Best Picture Oscar winner in 2017 before being correctly awarded to "Moonlight"
What is "La La Land?"
This NBA team’s mascot is named Benny
Who are the Chicago Bulls?
OAFC stands for this (bonus points if you know what OAFC used to be called)
What is Outsourced Accounting and Fractional CFO? It used to be called MAS (Managed Accounting Services)
An audit document that lists all transfers between client bank accounts starting a short period before year end and continuing for a short period after year end to assure that cash in transit is not recorded twice.
What is a bank transfer schedule?
Name 3 Massachusetts based inventions!
What are marshmallow fluff, the @ symbol, Fig Newtons, chocolate chip cookies, basketball, volleyball, the first successful phone call, anesthesia, the smiley face, spreadsheets, or the plastic flamingo?
Name 3 of the artists within the top 10 highest monthly listener counts on Spotify
Bruno Mars, Justin Bieber, the Weeknd, Michael Jackson, Rihanna, Lady Gaga, Taylor Swift, Bad Bunny, Drake, Coldplay
Competitive extreme ironing involves pressing clothes in wild places. The record for highest altitude ironing was set on this mountain.
What is Mount Everest?
The year AAFCPAs was founded
What is 1973?
The susceptibiltiy of an assertion to a misstatement, because of error or fraud, that could be material, individually or in combination with other misstatements, before consideration of any related controls.
What is inherent risk?
These 3 states were originally part of the Massachusetts Bay Colony
What are Connecticut, New Hampshire, and Maine?
The Simpsons, which has been on air since 1989, has this many episodes (if you get within 25 I will give you the point)
What is 805?
Name at least two of the three WNBA teams who are tied for most championship wins
Who are the Minnesota Lynx, Houston Comets, or Seattle Storm?
The three last names of the AAFCPAs founders
Who are Aronson, Alexander, and Finning?