Discussion:
Question 1
The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
Question 2
According to the _____ method of accounting, revenues are recognized when they are earned, and payment is reasonably assured
Question 3
The _____ summarizes a firm's financial position at a specific point in time (i.e., a specific quarter or year).
Question 4
As a _____ you work within an organization, preparing reports and analyzing financial information such as budgets and cost management.
Question 5
While _____ is concerned with preparing financial statements for external stakeholders according to a fixed schedule, _____ provides information to internal stakeholders on an "as needed" basis.
Question 6
_____ compares information contained in a firm's financial statements over a period of two or more years.
Question 7
_____ addresses the needs of the external stakeholders, including stockholders, creditors, and government regulators.
Question 8
Accountants define cost as
Question 9
_____ is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.
Question 10
_____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
Question 11
_____ are companies that provide short-term financing to firms by purchasing accounts receivable at a discount.
Question 12
A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
Question 13
When a firm reinvests some of its net income rather than distributing it to owners, the result is an increase in the firm's
Question 14
For financial managers to be socially responsible, it requires them
Question 15
_____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
Question 16
In its narrowest sense, a firm's _____ consists of its holdings of currency and demand deposits.
Question 17
_____ represent(s) funds that arise as a natural result of a firm's business operations without the need for special arrangements.
Question 18
_____ is the functional area of business that is responsible for finding, among many alternatives, the best sources of funds and the best way to use them.
Question 19
Historically the most widely accepted goal of financial management is
Question 20
_____ consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.
Question 1
Key numbers that financial managers use to calculate ratios usually come from the firm's
Question 2
For financial managers to be socially responsible, it requires them
Question 3
A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.
Question 4
Historically the most widely accepted goal of financial management is
Question 5
Question 6
A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
Question 7
_____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
Question 8
As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed.
Question 9
In its narrowest sense, a firm's _____ consists of its holdings of currency and demand deposits.
Question 10
_____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
Question 11
_____ are valuable things owned by the firm.
Question 12
The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
Question 13
The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period.
Question 14
_____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
Question 15
Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.
Question 16
_____ compares information contained in a firm's financial statements over a period of two or more years.
Question 17
_____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
Question 18
_____ is/are the claims owners have against their firm's assets.
Question 19
Investors are provided with _____ from the firms whose stock they own. These documents provide additional information about the firm's practices and operations.
Question 20
_____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
Question 1
Key numbers that financial managers use to calculate ratios usually come from the firm's
Question 2
For financial managers to be socially responsible, it requires them
Question 3
A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.
Question 4
Historically the most widely accepted goal of financial management is
Question 5
Question 6
A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
Question 7
_____ ratios measure the ability of an organization to convert assets into the cash it needs to pay off liabilities that come due in the next year.
Question 8
As a short-term credit arrangement, banks sometimes extend _____, which are guaranteed lines of credit in which the firm pays a commitment fee on unused portions of the funds the bank has committed.
Question 9
In its narrowest sense, a firm's _____ consists of its holdings of currency and demand deposits.
Question 10
_____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
Question 11
_____ are valuable things owned by the firm.
Question 12
The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.
Question 13
The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period.
Question 14
_____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
Question 15
Bookkeepers encompass the routine procedures involved in reporting information about the financial transactions that affect an organization, while _____ go further by analyzing and interpreting this information and communicating the results to stakeholders.
Question 16
_____ compares information contained in a firm's financial statements over a period of two or more years.
Question 17
_____ is a system for recognizing, recording, organizing, summarizing, analyzing, and reporting information about the financial transactions that affect an organization.
Question 18
_____ is/are the claims owners have against their firm's assets.
Question 19
Investors are provided with _____ from the firms whose stock they own. These documents provide additional information about the firm's practices and operations.
Question 20
_____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.