OU Facts
This Oklahoma University football coach led the team to multiple national championships and is known for his iconic "wishbone" offense.
Who is Barry Switzer?
This financial statement shows a company's revenues and expenses over a specific period of time.
What is the Income Statement?
This financial statement provides a snapshot of a company's financial position at a specific point in time.
What is the Balance Sheet?
In accounting, the term "GAAP" stands for this important set of guidelines and principles.
What is Generally Accepted Accounting Principles?
The University of Oklahoma's official colors are crimson and this other color.
What is cream?
Assets minus liabilities equals this accounting concept.
What is equity (or owner's equity)?
This financial statement provides information about the cash inflows and outflows of a company during a specific period.
What is the Cash Flow Statement?
This software program is widely used for creating spreadsheets, analyzing data, and performing financial calculations.
What is Microsoft Excel?
The Bizzell Memorial Library on the OU campus is known for its stunning architectural style and is named after this former university president.
Who is William Bennett Bizzell?
This term refers to the money a business owes to its suppliers for goods or services purchased on credit.
What are accounts payable?
This ratio measures a company's efficiency in managing its inventory by comparing cost of goods sold to the average inventory.
What is the Inventory Turnover Ratio?
This term refers to the practice of evaluating and improving an organization's internal processes to enhance efficiency and effectiveness.
What is internal auditing?
The University of Oklahoma is home to a renowned meteorology program and operates a research radar known by this intimidating name.
What is the "Doppler on Wheels"?
This type of account increases with a debit and decreases with a credit in the accounting equation.
What is an expense account?
This ratio measures a company's ability to meet its short-term obligations using its most liquid assets.
What is the Quick Ratio?
This type of accounting role involves providing financial advice, analysis, and strategic planning to help organizations make informed decisions.
What is financial consulting or advisory?
The Sooners is the nickname for the University of Oklahoma's athletic teams. This term originated from the state's history during this event.
What is the Land Run of 1889?
This accounting ratio measures a company's ability to pay its short-term obligations using its most liquid assets.
What is the Current Ratio?
This ratio divides a company's total liabilities by its total assets, showing the proportion of assets financed by debt.
What is the Debt-to-Assets Ratio?
This certification, often considered a gold standard in accounting, is awarded by the American Institute of CPAs (AICPA) and enhances career prospects.
What is the Certified Public Accountant (CPA) designation?