Money and asset management
Accounting - answer the process or system of recording and reporting a business's
financial position
asset - answer anything of value that an individual or business owns
balance sheet - answer report of a business's financial state on a certain date
budget - answer projection of what your income and expenses will be during a certain
time period
certified public accountant - answer an individual who has studied accounting and has
passed state examinations that certify his or her knowledge; commonly referred to as a
CPA
financial manager - answer the person in charge of a business's financial funding,
planning, and accounting
fixed costs - answer costs that regularly occur and are regularly paid money
management the effective and efficient use of cash and other financial resources
Which of the following is false about the reasons to keep organized financial records?
Organized financial records will help a business compete in the marketplace.
Organized financial records help businesses take care of banking issues.
Organized financial records allow workers to receive a higher rate of pay.
Organized financial records help monitor performance. - answerorganized financial
records allow workers to recieve a higher rate of pay
A company might hire an accountant if it wants help with which of the following duties?
keeping financial records
understanding tax codes
preparing financial statements
all of the above - answerall of the above
The acronym CPA stands for _____.
certifiable public accountant
certified public accountant
cost per action
California Parliament of Accountancy - answercertified public accountant
Accounting - answer the process or system of recording and reporting a business's
financial position
asset - answer anything of value that an individual or business owns
balance sheet - answer report of a business's financial state on a certain date
budget - answer projection of what your income and expenses will be during a certain
time period
certified public accountant - answer an individual who has studied accounting and has
passed state examinations that certify his or her knowledge; commonly referred to as a
CPA
financial manager - answer the person in charge of a business's financial funding,
planning, and accounting
fixed costs - answer costs that regularly occur and are regularly paid money
management the effective and efficient use of cash and other financial resources
Which of the following is false about the reasons to keep organized financial records?
Organized financial records will help a business compete in the marketplace.
Organized financial records help businesses take care of banking issues.
Organized financial records allow workers to receive a higher rate of pay.
Organized financial records help monitor performance. - answerorganized financial
records allow workers to recieve a higher rate of pay
A company might hire an accountant if it wants help with which of the following duties?
keeping financial records
understanding tax codes
preparing financial statements
all of the above - answerall of the above
The acronym CPA stands for _____.
certifiable public accountant
certified public accountant
cost per action
California Parliament of Accountancy - answercertified public accountant
