MINIGAME

Financial Statement

100

Which statement shows the difference between revenues and expenses during a specific period?

Income Statement (Profit and Loss Statement)

200

What are the three main sections of a Cash Flow Statement?

Operating activities, Investing activities, Financing activities

300

In the Balance Sheet, what is the basic accounting equation that must always balance?

Assets = Liabilities + Shareholders’ Equity

Accounting Types

100

Which type of accounting involves calculating the cost of materials, labor, and overhead in production?

Cost Accounting

200

Which type of accounting focuses on compliance with tax laws and minimizing tax liability?

Tax Accounting

300

Which type of accounting inspects and reports on accounts to ensure accuracy, reliability, and detect fraud?

Auditing

Case Studies

100

In 2004, what was City Café Ltd’s net profit margin?

12.5%

200

In 2005, City Café’s current ratio dropped from 2.5 to ___?

1

300

For Titan Tankers, which stakeholder group is mainly interested in liquidity to assess short-term debt repayment?

Creditors