History
Who was the accounting firm involved in the Enron scandal?
Arthur Andersen
What's the most important financial statement?
Cash flow statement
1. True or False: There is Diet Coke in Lipton
2. True or False: NYU Paulson has a sauce called Boom Boom sauce.
1. False (50 pts)
2. True (50 pts)
This actor is the current boyfriend of Kylie Jenner
Who is Timothee Chalamet
Which college did the CEO of Goldman Sachs go to?
Hamilton College
This country is where double-entry bookkeeping was first developed during the Renaissance.
+50 if you can name the city.
What is Italy?
What is Venice?
Can you have negative equity (and why or why not)?
Yes! (100 pts)
Negative net income, share buybacks, dividends, etc. (100 pts)
Which NYU dorm is the farthest from Stern?
Othmer Hall/Clark St
This criminal defense lawyer represents Walter White throughout much of "Breaking Bad"
Who is Saul Goodman/Jimmy McGill?
Fill in the Shrek quote:
But Pookie, you said you would never hurt them.
Not now, ____.
Kitten whiskers
This famous financial scandal in the early 2000s involved a large energy company and led to major changes in accounting laws.
What is Enron?
How do Goodwill and Other Intangible Assets change over time?
Goodwill stays constant unless it's written down (100pts).
Intangible Assets amortize over time (100 pts).
How many floors are in NYU Stern (Tisch)?
9
This public university is where Elle Woods completed her undergraduate studies before attending Harvard Law School in "Legally Blonde"
UCLA (or CULA as they call it in the movie)
The number of points you need to become an SAS general member.
What is 15 points?
This Italian mathematician and friar formally described the double-entry bookkeeping we use today.
Who is Luca Pacioli?
How might the financial statements of a company in the Germany be different a US company?
Income Statements and Balance Sheets tend to be similar across different regions, but companies that use IFRS often start the Cash Flow Statement with something other than Net Income: Operating Income, Pre-Tax Income, or if they are using the Direct Method for creating the CFS, Cash Received or Cash Paid.
There are also minor naming differences; for example, the Income Statement might be called the “Consolidated Statement of Earnings” or the “Profit & Loss Statement,” and the Balance Sheet might be called the “Statement of Financial Position.”
What does CACE stand for?
Cohen Arts and Cultural Experience
These are the names of Kim Kardashian and Kanye West’s kids
Who are North, Saint, Chicago and Psalm?
The winner of the 2002 World Cup
What is Brazil?
Where did Leonard N. Stern work after graduating?
Hartz Mountain
Your company sells equipment for $85. The equipment was listed at $100 on your company’s Balance Sheet, so you have to record a Loss of $15 on the Income Statement, which gets reversed as a non-cash expense on the Cash Flow Statement. Why is this Loss considered a non-cash expense?
This Loss is a non-cash expense because you haven’t actually “lost” anything in cash in the current period.
The “Loss” refers to how you previously spent more than $85 to buy this equipment in some prior period. Non-cash adjustments are based on what happens in the CURRENT PERIOD.
Whose face is in the Tisch third floor lounge?
Michael Mendelson
Name 8/13 songs from Bad Bunny's Superbowl set list.
Give us the Big Four and their full, unabbreviated names.
(Name 3/4 for full points)
Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers, Ernst & Young, Klynveld Peat Marwick Goerdeler