| Concepts | Definitions | Accounting History | Best Practices (Accounting Procedures) | Business Ethics |
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| 200 | 200 | 200 | 200 | 200 |
| 300 | 300 | 300 | 300 | 300 |
| 400 | 400 | 400 | 400 | 400 |
| 500 | 500 | 500 | 500 | 500 |
| Final Question | ||||
This conept is applied when a source document is prepared for each transaction
This conept is applied when a source document is prepared for each transaction
What is Objective Evidence?
This concept is applied is applied when changes in financial information are reported for a specific period of time in the form of financial statements.
This concept is applied is applied when changes in financial information are reported for a specific period of time in the form of financial statements.
What is Accounting Period Cycle?
This concept is applied when revenue from business activities and expenses associated with earning that revenue are recorded in the same accounting period.
This concept is applied when revenue from business activities and expenses associated with earning that revenue are recorded in the same accounting period.
What is Matching Expenses with Revenue?
This concept is applied when financial statements are prepared with the expectation that a business will remain in operation indefinitely.
This concept is applied when financial statements are prepared with the expectation that a business will remain in operation indefinitely.
What is Going Concern?
This concept is applied when financial statements contain all information necessary to understand a business's financial condition.
This concept is applied when financial statements contain all information necessary to understand a business's financial condition.
What is Adequate Disclosure?
Any persons or groups who will be affected by an action.
Any persons or groups who will be affected by an action.
What are stakeholders?
The length of time for which a business summarizes and reports financial information.
The length of time for which a business summarizes and reports financial information.
What is fiscal period?
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
What is debit card?
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
What is electronic funds transfer?
A check that a bank refuses to pay.
A check that a bank refuses to pay.
What is dishonored check?
The accounting scandal that led to the bankruptcy of an American energy company.
The accounting scandal that led to the bankruptcy of an American energy company.
What is Enron scandal?
This company reported $1.7 billion in fake earnings
This company reported $1.7 billion in fake earnings
What is Waste Management?
This company's accounting scandal that left their CEO, CFO, Kozlowski, and Swartz in jail for 8-25 years.
This company's accounting scandal that left their CEO, CFO, Kozlowski, and Swartz in jail for 8-25 years.
What is Tyco?
This scandal was the largest Ponzi scheme ever.
This scandal was the largest Ponzi scheme ever.
What is the Bernie Madoff scandal?
This scandal had to do with a global financial firm in 2008
This scandal had to do with a global financial firm in 2008
What is Lehman Brothers scandal?
The first step of opening an account in a general ledger.
The first step of opening an account in a general ledger.
What is writing the account title?
The first step of starting a new jornal page
The first step of starting a new jornal page
What is writing the page number?
The first step of posting an amount from a general debit column
The first step of posting an amount from a general debit column
What is writing the date?
Writing the account title, after the word account in the heading; writing the account number, after the words account no. in the heading
Writing the account title, after the word account in the heading; writing the account number, after the words account no. in the heading
What is opening an ccount in a general ledger
Add each of the amount columns; add the debit column totals, and then add teh credit column totals; verify that the total debits and total credits are equal
Add each of the amount columns; add the debit column totals, and then add teh credit column totals; verify that the total debits and total credits are equal
What is proving a journal page?
A statement that guides the ethical behavior of a company and its employees
A statement that guides the ethical behavior of a company and its employees
What is the code of conduct?
The use of ethics in making business decisions
The use of ethics in making business decisions
What is business ethics?
The principles of right and wrong that guide an individual in making decisions
The principles of right and wrong that guide an individual in making decisions
What is ethics?
The standard of conduct that is acceptable in a society
The standard of conduct that is acceptable in a society
What is morality?
A willingness to make personal sacrifices in the interest of someone or thing, in the case of business
A willingness to make personal sacrifices in the interest of someone or thing, in the case of business
What is loyalty?
How many dogs does Mr. Martinez have?
How many dogs does Mr. Martinez have?
What is one dog?
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