The names of three accounting jobs include all but:

Accounting is called:

Financial statements are:

The organization that has the final say on financial accounting issues faced by publicly owned corporations is the:

As the owner of a small business, you have decided to apply for a loan to expand your locations. Information that you most likely will need to provide to the lender include all but:

One requirement for becoming a CPA is to pass the:

The CPA designation stands for:

The Certified Bookkeeper exam includes all the parts below except:

To become a Certified Bookkeeper, one must meet all requirements below except:

All of the following are users of accounting information except:

All of the following are goals of internal control except:

Fraud is intentional or reckless acts that result in the confiscation of a firm's assets or the misrepresentation of the firm's accounting data.

Generally accepted accounting principles are accounting standards that are changed and refined in response to changes in the environment in which businesses operate.

Generally accepted accounting principles are not needed to ensure that financial information is fairly presented in the operating results and financial positions of firms.

Generally accepted accounting principles are developed by the Financial Accounting Standards Board (FASB) through proposed statements and solicitation of feedback from interested individuals, groups, and companies. Subsequently, the FASB evaluates the opinions received and votes on the statements.

A nonprofit organization such as a public school is a(n):

You plan to open a business with two of your friends. You would like to form a corporation, but your friends prefer the partnership form of business. All of the following are advantages of the corporation except:

An organization that has two or more owners who are legally responsible for the debts and taxes of the business is a:

A limited liability company may choose to be taxed as a partnership or corporation.