Show:
Business Function / Dept
Business Concepts
Ratio
Financial Statements
Other
100
The function that is responsible for managing the financial resources of the business.
What is Finance Function?
100
A business own and operated by one individual who claims all liabilities
What is a sole proprietorship
100
This ratio is the analysis of the ability to pay current obligations
What is Current Ratio?
100
A report that summarizes a company's profit or loss during any one given period
What is Income Statement
100
Items that can affect business checking account balance
What is checks that haven't been withdrawn/deposited
200
The function that is responsible for providing useful information to the other Departments within a company
What is Accounting and Information Systems?
200
An underlying assumption in accounting
What is a going concern?
200
This ratio is the analysis of the ability to pay current obligations from liquid assets?
What is Quick Ratio?
200
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time
What is Balance Sheet
200
This is the amount of time it takes to actually produce the product.
What is value added time
300
The function of business that determines the wants and needs of consumers
What is Marketing Function?
300
The assumption that complex business activities can be divided into periods of time
What is periodicity?
300
This ratio is the relationship of net income to average total assets?
What is Return on Investment?
300
A statement of all outflow and inflow of cash transactions
What is Cash Flow statement
300
Retail stores which sell finished, pre-packaged goods.
What is merchandiser
400
The function that is responsible for safe environment and any employee related issues
What is Human Resource Function?
400
An entity that is formed to engage in business activities.
What is a business entity?
400
This ratio is the analysis of the probability of products?
What is Gross Margin Ratio?
400
It shows the beginning and ending equity balances and the items affecting equity during the period.
What is the statement of Owners Equity
400
Summary report that shows how a firm has used the it capital resources
What is Financial Statements
500
The function that is responsible for planning, organizing, directing, and controlling the operations of a business.
What is Management Function?
500
A currency unit issued as a bank note and is used as a standard unit of value
What is a monetary unit?
500
This ratio is the analysis of the return on investment for owners?
What is Return on Owners Equity?
500
It is recorded under shareholders' equity on the balance sheet. It is the amount left over after all expenses are paid
What is statement of retained earnings
500
A formal opinion, or disclaimer thereof, issued by either an internal auditor
What is Report of the Independent Auditors