Strayer BUS 100 Week 8 quiz 8 (2015) 2

• Question 1
 
  The Financial Accounting Standards Board hopes to make the U.S. accounting practices
   
• Question 2
 
  As a _____ you work within an organization, preparing reports and analyzing financial information such as budgets and cost management.
   
• Question 3
 
  _____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.
   
• Question 4
 
  _____ is/are the claims owners have against their firm’s assets.
   
• Question 5
 
  Investors are provided with _____ from the firms whose stock they own.  These documents provide additional information about the firm’s practices and operations.
   
• Question 6
  What is the accounting equation?
   
• Question 7
 
  _____ provide reports, information, and analysis to managers to assist them with making better informed decisions.
• Question 8
 
  The major output of financial accounting is a set of statements including the
   
• Question 9
 
  The _____ budget brings together all of the firm’s budgeting documents to provide a unified plan for the a specific budget period.
   
• Question 10
 
  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 11
 
  _____ consist(s) of the stocks of goods, materials, parts, and work-in-process that firms hold as part of doing business.
   
• Question 12
 
  Financial planning asks all of the following questions EXCEPT:
   
• Question 13
 
  Capital _____ is the process a firm uses to evaluate long-term investment proposals.
   
• Question 14
 
  _____ are short-term IOUs issued by the U.S. government that mature in 4, 13, or 26 weeks.
   
• Question 15
 
  Financial managers measure the benefits and costs of long-term investment proposals in terms of
   
• Question 16
 
  A _____ is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
   
• Question 17
 
  Equity financing is provided by ____ while debt financing is provided by ____.
   
• Question 18
 
  _____ are companies that provide short-term financing to firms by purchasing accounts receivable at a discount.
   
• Question 19
 
  _____ are short-term, very safe, and highly liquid assets that firms include in the cash holdings they report on their balance sheet.
   
• Question 20
 
  _____ 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.