What are the names of three accounting job positions?
Bookkeeper, Accounting Clerk, Accountant
Why is accounting called the "language of business"
The results of the accounting process-financial statements-communicate essential information about a business to concerned individuals and organizations
What are financial Statements?
Periodic reports that summarize financial affairs of a business
One Requirement for becoming a CPA is to pass the
X A. Final CPA Examination
X B. SEC Accounting Examination
V C. Uniform CPA Examination
X D. State Board Examination
Which organization has the final say on financial accounting issues faced by publicly owned corporations?
V A. Securities and Exchange Commission
X B. Federal Trade Commission
X C. U.S. Treasury Department
X D. Internal Revenue Service
The owner of the sporting goods store where you work has decided to expand the store. She has decided to apply for a loan. What type of information will she need to give the bank?
Current sales and expenses figures, anticipated sales and expenses, and the cost of the expansion