Show:
General Accounting
Statements
Assets and Liabilities
Money and the Financial Systam
Financial Management and Securities Markets
100
After transactions are journaled, what are they posted to?
What is the Ledger
100
On what statement are assets found?
What is the Balance Sheet
100
What are debts that a firm owes to others called?
What are Liabilities
100
____ are savings certificates that extend a period of time and have a predetermined interest rate
What is Certificate of Deposit (CD)
100
Paying a usage fee for fixed assets, rather then buying it is called?
What is leasing
200
What is the Accounting Equation?
What is Assets = Liabilities + Owner's Equity
200
On what statement are Revenues and Expenses found?
What is the Income Statement
200
What are economic resources, tangible or intangible, that a firm owns?
What are assets
200
What institution insures American's individual bank accounts?
What is the FDIC
200
when a firm raises money for capital projects by issuing stock in the company it is called _____ financing
What is Equity
300
What does GAAP stand for?
What is Generally Accepted Accounting Principals
300
On what statement is Owner's Capital found?
What is Statement of Owner's Equity
300
What is another term for Plant Assets?
What is Fixed Assets
300
Name three characteristics of money
What is divisibility, stability and portability
300
When a company offers its stock to the public for the very first time in an initial public offering it is called _____
What is going public
400
What kind of accountants act like detectives, looking for financial misconduct?
What is forensic accountants
400
What are assets and liabilities called when liquidable within one operating cycle?
What is Current
400
What does the Current Ratio determine?
What is a firms ability to pay its short term debts
400
A ____ is a loan made to a buyer of real estate?
What is a mortgage
400
Name a requirement of Bond Indentures
What is Face Value, Maturity Date or Interest Rate
500
What act passed by Congress requires firms to separate their consulting and auditing sectors?
What is the Sarbanes-Oxley Act (SOX Act)
500
Name the four Financial Statements
What is Income Statement, Statement of Owner's Equity, Balance Sheet and Statement of Cash Flow
500
When you divide net income by sales, what are you calculating?
What is Profit Margin
500
Name two major jobs of the Federal Reserve
What is setting monetary policy, controlling supply of money, authorizing check clearing, and setting interest rates
500
______ _______ are temporary investments such as U.S. Treasury Bills, CDs, and Commercial Papet
What is marketable securities