What items belong on a Balance Sheet?

Assets, Liabilities, and Owner's Equity

when investors pool $ into a common fund that is diversified

Generally Accepted Accounting Principles

Capital Markets allow firms to raise capital more effectively and efficiently this helps ?

All of these plus the community and government

What items belong on an Income Statement?

Revenues, Returns & Allowances, COGS, Expenses, Taxes

Many firms have a CFO or Chief Financial Officer - their job is to

Assist the CEO in the getting and investing the capital

an independent 3rd party review of your accounting practice

a share of ownership in a corporation

studbud

Accounting and Finance

21 termsStudBud Administration427 plays

Flashcards21 cardsFPractice quizPHost liveL

Questions 21

Answers

1
The fundamental accounting equation Assets - Liabilities = ?
Dividends
Retained Earnings
Preferred Capital
Owners or Stockholder's Equity
2
________________ stock have preference on dividends but no voting rights.
common
treasury
special
preferred
3
The advantage of some city, municipal, or state bonds is that they may be less or no taxes.
True
False
4
What items belong on a Balance Sheet?
Income or Revenue, COGS, Profit and Loss
Assets, Liabilities, and Owner's Equity
Cash flows from investing, financing, and operations
Market or Industry Data Comparisons
5
The general rule is the higher the risk the ______________ the potential return.
same
lower
higher
net neutral benchmark
6
A bond usually has a par or face amount of $1000 dollars
True
False
7
A bond that is trading at $1200 or $200 above face amount is said to be a ______________ bond.
discount
premium
muncipal
special
8
A mutual fund is
always made up of tax free muni-bonds
a type of hedge fund that may short the market or a stock
when investors pool money and provide short term funding
when investors pool $ into a common fund that is diversified
9
A ____________ type of stock gives you voting rights but no preference on dividends
common
class A
non-participating
preferred
10
GAAP is
Generally Accepted Accounting Principles
Financial Accounting Standards Board
Like AARP but for the next generation
The agency of international accouting rules
11
A bond is
equity or ownership
only trades at par value of $1000 dollars
a debt instrument
always convertible to stocks
12
Capital Markets allow firms to raise capital more effectively and efficiently this helps ?
All of these plus the community and government
The firm's customers
The firm's employees
The firm's management
13
The item that is considered safe or low risk and has low return is
T-bills or Treasury Bills
Money-Market or CD
High Yield Bonds
Government Bonds
14
Also known as the the "language of business".
Accounting
Finance
English
Lingua de Amor
15
What items belong on an Income Statement?
Money flows from investing, operations, and financing
Assets, Liabilities, and Owner's Equity
Changes in year over year projections - cap table
Revenues, Returns & Allowances, COGS, Expenses, Taxes
16
Many firms have a CFO or Chief Financial Officer - their job is to
Handling Cash - setting up controls - maximizing gains
they are simply in charge of the accounting or record keeper
Assist the CEO in the getting and investing the capital
Setting budgets & projections for business units
17
A patent, copyright, or trademark can be considered a(n)
Investment
Tangible Asset
Current Liability
Intangible Asset
18
Why would firms try to collect money they are owed early but pay money they owe late?
Firms are sketchy
The Time Value of Money
Others do it to them first
The theory of velocity
19
An audit is
an independent 3rd party review of your accounting practice
when your partner takes a look at the books
The government use of big data for industry comparisons
The accounting data use by management to implement changes
20
A bond that is trading below face amount is said to be a _____________ bond.
premium
discount
special
muncipal
21
A stock is
a corporate debt
a government debt
a share of ownership in a corporation
a mutual fund

Accounting and Finance Flashcards | StudBud

Accounting and Finance

21 termsStudBud Administration427 plays

Accounting and Finance

Flashcards21 cardsFPractice quizPHost liveL

Questions 21

Answers

1
The fundamental accounting equation Assets - Liabilities = ?
Dividends
Retained Earnings
Preferred Capital
Owners or Stockholder's Equity
2
________________ stock have preference on dividends but no voting rights.
common
treasury
special
preferred
3
The advantage of some city, municipal, or state bonds is that they may be less or no taxes.
True
False
4
What items belong on a Balance Sheet?
Income or Revenue, COGS, Profit and Loss
Assets, Liabilities, and Owner's Equity
Cash flows from investing, financing, and operations
Market or Industry Data Comparisons
5
The general rule is the higher the risk the ______________ the potential return.
same
lower
higher
net neutral benchmark
6
A bond usually has a par or face amount of $1000 dollars
True
False
7
A bond that is trading at $1200 or $200 above face amount is said to be a ______________ bond.
discount
premium
muncipal
special
8
A mutual fund is
always made up of tax free muni-bonds
a type of hedge fund that may short the market or a stock
when investors pool money and provide short term funding
when investors pool $ into a common fund that is diversified
9
A ____________ type of stock gives you voting rights but no preference on dividends
common
class A
non-participating
preferred
10
GAAP is
Generally Accepted Accounting Principles
Financial Accounting Standards Board
Like AARP but for the next generation
The agency of international accouting rules
11
A bond is
equity or ownership
only trades at par value of $1000 dollars
a debt instrument
always convertible to stocks
12
Capital Markets allow firms to raise capital more effectively and efficiently this helps ?
All of these plus the community and government
The firm's customers
The firm's employees
The firm's management
13
The item that is considered safe or low risk and has low return is
T-bills or Treasury Bills
Money-Market or CD
High Yield Bonds
Government Bonds
14
Also known as the the "language of business".
Accounting
Finance
English
Lingua de Amor
15
What items belong on an Income Statement?
Money flows from investing, operations, and financing
Assets, Liabilities, and Owner's Equity
Changes in year over year projections - cap table
Revenues, Returns & Allowances, COGS, Expenses, Taxes
16
Many firms have a CFO or Chief Financial Officer - their job is to
Handling Cash - setting up controls - maximizing gains
they are simply in charge of the accounting or record keeper
Assist the CEO in the getting and investing the capital
Setting budgets & projections for business units
17
A patent, copyright, or trademark can be considered a(n)
Investment
Tangible Asset
Current Liability
Intangible Asset
18
Why would firms try to collect money they are owed early but pay money they owe late?
Firms are sketchy
The Time Value of Money
Others do it to them first
The theory of velocity
19
An audit is
an independent 3rd party review of your accounting practice
when your partner takes a look at the books
The government use of big data for industry comparisons
The accounting data use by management to implement changes
20
A bond that is trading below face amount is said to be a _____________ bond.
premium
discount
special
muncipal
21
A stock is
a corporate debt
a government debt
a share of ownership in a corporation
a mutual fund