Top Accounting Flashcards

The number of flashcards must be equal to the number of questions. If they are not equal, then something is terribly wrong. We don’t want you to lose your touch when it comes to accounting and so we’ve prepared a trivia filled with all sorts of easy and difficult questions. But before you get to see most of them, we want you to look at the next samples.

The benefit foregone by selecting one alternative instead of another is called what? What is the name of the person involved in preparing, analyzing and interpreting financial reports to help end users of financial information make better-informed decisions? Who co-ordinates the flow of financial information from the businesses operations? Become the best accountant by finishing the trivia given to you.
Answer These Accounting Information System Flashcards
Cards: 48| Attempts: 330| Last updated: Mar 31, 2021
    1) Which Of The Following Statements...
   B) Information Is The Primary Output Of An ...
   Information Is  
   Data That Has Been Organized And Processed ...
   The Value Of Information Can Best Be Define...
   The Benefits Produced By Possessing And Usi...
   An Accounting Information System (AIS) Proc...
   Data; Information  
Specialized Areas Of Accounting Flashcards
Cards: 13| Attempts: 205| Last updated: Sep 24, 2020
  Accounting Technician
  A Support Professional That Helps Control And...
  Cost Accountant
  Calculates And Controls The Costs Of Producin...
  Financial Accountant
  Involved In Preparing, Analysing And Interpre...
  Taxation Accounting
  Provides Taxation Advice And Prepares Tax Ret...
Choose The Correct Option For Accounting In Stockholder Equity Flashcards
Cards: 23| Attempts: 142| Last updated: Oct 7, 2020
   S25. Stockholders Of A Business Enterprise A...
  C
   26. Total Stockholders' Equity Representsa. ...
  C
   27. A Primary Source Of Stockholders' Equity...
  D
   28. Stockholders' Equity Is Generally Classi...
  D

Topics

Financial Accounting
Income Tax
Medical Billing
Intermediate Accounting Terms Flashcards
Cards: 22| Attempts: 126| Last updated: Apr 16, 2020
  Describe the Usefulness Of A Conceptual ...
  A Conceptual Framework Is Needed To (1) ...
  Describe The Main Components Of The FA Framew...
  The First Level Deals With The Objective Of F...
  What Is The Objective Of Financial Reporting?...
  The Objective Of Financial Reporting Is To Pr...
  What Are The Qualitative Characteristics Of F...
  The Overriding Criterion By Which Accounting ...
Difference Between Accrual And Cash Basis Accounting Flashcards
Cards: 15| Attempts: 91| Last updated: Apr 22, 2020
  What Is The Difference Between Cash And Accru...
  Cash Based Focuses On The Flows Of Cash In An...
  GAAP Suggest That HCO's Use The ______ Based ...
  Accrual. Because It More Accurately Matches R...
  Two Rules For Recording Transactions Under Ac...
  1. At Least 2 Accounts Must Be Used To Record...
  Define Accrual Basis Of Accounting:
  An Accounting Method Which Aligns The Flow Of...
Define These Accounting Terms Flashcards
Cards: 67| Attempts: 60| Last updated: May 13, 2020
  Accounting
  Process Of Identifying, Recording, And Commun...
  Managerial Accounting
  For Internal Users- Marketing Managers Etc.
  Financial Accounting
  For External Decision Makers- Investors, Cred...
  SEC
  Securities Exchange Commission Created In 193...
Business Accounting Chapter 9
Cards: 14| Attempts: 54| Last updated: Mar 2, 2017
  Account Aging
  A Method For Tracking Past-due Accounts Accor...
  Current Account
  A City Ledger Account That Is Within The Curr...
  Deliquent Account
  A City Ledger Account That Has Not Been Settl...
  Express Check-Out
  A Pre-depature Activity That Involves The Pro...
Accounting Chapter 9,10
Cards: 24| Attempts: 50| Last updated: Apr 11, 2017
  Recording Estimated Uncollectibles
  Bad Debt Expense       Al...
  Record The Write Off For An Uncollectible Acc...
  Allowance For Doubtful Accounts    ...
  Recovery Of An Uncollectible Account
  Accounts Receivable      Allow...
  Percentage Of Sales
  Matches Expenses With Revenues, Disregards Ba...
Explain The Terms For The Following Retained Earnings In Accounting Flashcards
Cards: 44| Attempts: 50| Last updated: Mar 31, 2021
  The Accumulated Net Income Earned Since The I...
  Retained Earnings
  Measuring Business Activities And Reporting T...
  Financial Accounting
  Profits That Have Accumulated In The Company ...
  Retained Earnings
  The Following Are Financial Statements:
  -Income Statement -Statement Of Stockholders...
Accounts Receivable Flashcards
Cards: 13| Attempts: 41| Last updated: Jan 28, 2020
  Trade Discount Is A Reduction From The List P...
  Give Quantity Discounts To Customers dis...
  Loans By A Company To Other Entities And ...
  Receivables 
  Average Collection Period Is Calculated By Wh...
  365/ Receivable Turnover Ratio
  Trade Receivable 
  The Legal Right To Receive Cash From A Credit...
Advanced Chapter 17 - Governmental Entities: Intro And General Fund Accounting
Cards: 6| Attempts: 25| Last updated: Sep 22, 2015
  One Of The Differences Between Accounting For...
  (b) Always Establish And Maintain Complete Se...
  Bell Valley Incurred $100,000 Of Salaries And...
  Expenditures - Salaries And Wages   &nbs...
  Which Of The Following Expenditures Is Normal...
  (b) Personal Services
  Which Of The Following Accounts Of A Governme...
  (b) Revenue
ACC 235 Chapter 1
Cards: 29| Attempts: 21| Last updated: Sep 18, 2015
  An Assurance Engagement Would Include
  -Giving An Opinion On A Prize Promoter’s C...
   A Determination Of Cost Savings Obtained By...
  Operational Auditing
  The Primary Difference Between Operational A...
  The Operational Auditor Is Seeking To Help M...
  According To The AICPA, The Purpose Of An Au...
  Enhance The Degree Of Confidence That Intend...
Acct 201 Chapters 1-4
Cards: 428| Attempts: 15| Last updated: Feb 1, 2017
  Define "organizational Forms"
  Ways Businesses Can Be Organized
  What Are Ways Businesses Can Be Organized Cal...
  Organizational Forms
  What Are The Types Of Organizational Forms? (...
  1. Sole Proprietorship2. Partnership3. Corpor...
  Which Organizational Form Is Owned And Usuall...
  Sole Proprietorship
Accounting As A Measurement/Communication Process Flashcards
Cards: 19| Attempts: 15| Last updated: Aug 10, 2020
  What Are The Two Functions Of Accounting?
  (1) To Measure The Activities Of The Company ...
  Into What Two Broad Categories Can Accounting...
  (1) Managerial Accounting And (2) Financial A...
  Define Managerial Accounting.
  Managerial Accounting Deals With The Methods ...
  Define Financial Accounting.
  The Two Primary Functions Of Financial Accoun...
Describe These Financial Accounting Terms Flashcards
Cards: 20| Attempts: 15| Last updated: May 21, 2020
  Communication Of Economic Events Is The Part ...
  Preparing Accounting Reports
  The Accounting Process Is Correctly Sequenced...
  Identification, Recording, Communication
  Which Of The Following Would Not Be Considere...
  Management
  Generally Accepted Accounting Principles Are....
  Standards That Indicate How To Report Economi...
Chapter 5: Cost Behavior: Analysis And Use
Cards: 18| Attempts: 13| Last updated: Sep 18, 2015
  Account Analysis
  A Metiod For Analyzing Cost Behavior In Which...
  Activity Base
  A Measure Of Whatever Causes The Incurrence O...
  Committed Fixed Costs
  Investments In Facilities, Equipment, And Bas...
  Contribution Approach
  An Income Statement Format That Organizes Cos...
Accounting Chapter 9 Flashcards
Cards: 28| Attempts: 13| Last updated: Aug 10, 2020
  A Depreciation Method That Produces Higher De...
  Accelerated-Depreciation Method
  Costs Incurred To Increased The Operating Eff...
  Additions And Improvements
  The Process Of Allocating To Expense The Cost...
  Amortization
  Indicates How Efficiently A Company Uses Its ...
  Asset Turnover Ratio
Accounting Basics Flashcards
Cards: 45| Attempts: 12| Last updated: Aug 10, 2020
  A Fiscal Year That Ends June 30, 2008 Begins ...
  July 1st, 2007
  Name 2 Current Assets:
  1) Cash2) Accounts Receivable 3) Invento...
  Name 2 Current Liability Accounts:
  1) Accounts Payable2) Salaries Payable3) Note...
  GAAP Stands For
  Generally Accepted Accounting Principles
Intro To Accounting- Test 1
Cards: 28| Attempts: 10| Last updated: Sep 16, 2015
  Accountants Refer To An Economic Event As A ....
  Transaction
  A Debit To An Asset Account Indicates
  An Increase In The Asset
  A Credit To An Asset Account Indicates
  A Decrease In The Asset
  A Debit To A Liability Account Indicates
  A Decrease In The Liability.
Accounting II Ch 16-18
Cards: 18| Attempts: 10| Last updated: Sep 18, 2015
  Which Of The Following Does Not  Represe...
  Discarding An Asset That Had Been Fully Depre...
  Which Of The Following Represents An Inflow O...
  Issuance Of Long-term Debt
  A Ten-year Bond Was Issued At Par For $250,00...
  Financing Activites
  Cash Paid For Preferred Stock Dividends Shoul...
  Financing Activits

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