Financial Crime
This common financial crime involves creating false documents or altering existing ones for financial gain.
What is forgery?
This is the name for a period of sustained market decline, typically defined as a 20% or more drop from recent highs.
What is a bear market?
Often arising from a business combination, this term describes the excess of purchase price over the fair value of identifiable net assets, tested periodically for impairment
What is goodwill?
This sitcom set in New York City features six friends often hanging out at Central Perk.
What is Friends?
Founded in 1945 and headquartered in New York City, this international organization aims to promote peace and cooperation among countries.
What is the United Nations?
This U.S. federal law, enacted in 2002, was a direct response to major corporate and accounting scandals, aiming to improve financial reporting and corporate governance.
What is the Sarbanes-Oxley Act (SOX)?
This is the process where a company first offers its shares to the public, moving from private to public ownership.
What is an IPO (Initial Public Offering)?
This coverage ratio, often based on earnings before interest and taxes, measures how easily a company can meet its borrowing costs.
What is the interest coverage ratio?
This fantasy series is known for its dragons, direwolves, and the Iron Throne.
What is Game of Thrones?
This is the largest planet in our solar system.
What is Jupiter?
A type of fraud where an individual or entity pretends to be someone else to gain access to personal or financial information.
What is identity theft?
This specific type of financial instrument derives its value from an underlying asset, like stocks, bonds, or commodities.
What is a derivative?
This principle states that revenues should be recognized in the period in which they are earned, regardless of when cash is received.
What is the revenue recognition principle?
The main character of this AMC series is a high school chemistry teacher who turns to making methamphetamine.
What is Breaking Bad?
The chemical symbol for gold.
What is Au?
This financial crime involves exploiting a difference in prices between two or more markets to make a profit from buying and selling the same asset.
What is arbitrage?
This type of fund aims to mirror the performance of a market benchmark like the S&P 500, rather than trying to beat it.
What is an index fund?
This break-even analysis concept is calculated as sales minus variable costs and is often expressed per unit or as a ratio of sales.
What is contribution margin?
This British science fiction series features a time-traveling alien known as the Doctor.
What is Doctor Who?
This organ in the human body is primarily responsible for filtering blood and producing bile, and is the largest internal organ.
What is the liver?
This legal entity, often characterized by its lack of active business operations and minimal physical presence, is frequently employed in the layering stage of money laundering to obscure the true beneficial ownership of illicit funds.
What is a shell company?
This type of fund, traded throughout the day like a stock, often tracks an index and typically has lower expense ratios than many mutual funds.
What is an exchange-traded fund (ETF)?
Used for estates, trusts, pension plans, and other situations where assets are managed for beneficiaries, this branch emphasizes stewardship and legal compliance over profit.
What is fiduciary accounting?
This mockumentary-style comedy follows the everyday lives of employees at the Dunder Mifflin Paper Company.
What is The Office?
The ancient body of Tamil poetry, roughly dated between 300 BCE and 300 CE, is collectively known by this term meaning “association” or “academy.”
What is the Sangam Literature?