Accounting
What is the Accounting Equation
Assets = Liabilities + Stockholders equity
What are the three parts of the fraud triangle?
Pressure, opportunity, rationalization?
Name of the Embry-Riddle mascot
Ernie the Eagle
What animal is on the California state flag?
Grizzly Bear
What does GAAP stand for?
Generally Accepted Accounting Principles
What is defined as the offering, giving, receiving or soliciting anything of value to influence an official act?
bribery
What is the largest/most popular major at ERAU?
Aeronautical Science
Where did tiramisu originate?
Italy
balance sheet, statement of cash flows, income statement, statement of stockholder’s equity
Undisclosed payments made by vendors to employees of purchasing companies are referred to as _______
Kickbacks
What year was Embry-Riddle founded?
1926
What was Disney Pixar’s first every movie?
(Hint it was released in 1995)
Toy Story
Accounting entries involve a minimum of how many accounts?
2
An illegal business practice in which new investors' money is used to make payments to earlier investors.
Ponzi scheme
Embry-Riddle is often nicknamed what?
Harvard of the skies
What does Dr. Shirazi often say in his classes?
It‘s just common sense
What law was enacted in response to major corporate accounting scandals in the early 2000s?
Sarbanes-Oxley Act (SOX)
What famous fraud involved fake profits and led to the collapse of Arthur Andersen?
Enron
Who were the two people who founded Embry-Riddle?
John Paul Riddle and T. Higbee Embry
How tall is Professor Friedlan’s husband?
5’6
5’9
6’1
6’7
6‘1