Accounting
What is another term for accounting?
Bookkeeping
Assets
Which company just took seven astronauts to the International Space Station?
SpaceX
What is the name of the highest level financial executive?
CFO
What does the "bank of mom and dad" mean?
Which type of reporting is the IRS most interested in?
Tax returns
Liabilities
Which company's vaccine was temporarily suspended due to a very rare blood clotting disorder that has affected 6 people.
Johnson & Johnson
Tracey Travis is the CFO of which company?
Estee Lauder
Debt Financing
Transactions are transferred from journals to what?
Ledgers
Assets that have no physical form
Intangibles or intangible assets
What is the company Alphabet more commonly known as?
A financial plan that sets forth management's expectations
Budget
Money raised from the sale of stock
Equity Financing
The fundamental accounting equation is ...
Assets = Liabilities + Owner's Equity
This financial statement reports a firm's financial condition at a specific time
The Balance Sheet
This cryptocurrency started out as a joke but has an increased 65x since January mostly based on speculation.
Dogecoin
Name one reason from the textbook why firms fail
Undercapitalization
Poor control over cash flow
Inadequate expense control
What types of funds are needed for monthly expenses, unanticipated emergencies, cash flow issues and expansion of inventory
Short-term funds
Take a trial balance, prepare financial statements and analyze financial statements are the last three steps of what?
Accounting Cycle
A P&L statement shows what?
Profit and Loss
A Chadwick Boseman NFT was part of the Oscar swag bag. What is an NFT?
Non-fungible token
The process in which a company periodically compares its actual revenues and expenses with its budget.
Financial Control
What new federal agency was established after the housing crisis of 2008-2009?
Consumer Financial Protection Bureau