MATCHING
Complete the following using the terms listed.
-A(n) _____ demonstrates his or her accounting knowledge by meeting state requirements for education and experience, as well as successfully completing a number of rigorous tests in accounting theory and practice, auditing, law, and taxes.
A)certified public accountant
B)International Financial Reporting Standards
C)asset
D)liability
E)Owners' equity
F)accounting equation
G)balance sheet
H)income statement
I)Foreign Corruption Practices Act
J)accrual accounting
K)open book management
L)budget
M)generally accepted accounting principles (GAAP)
N)Financial Accounting Standards Board (FASB)
O)profitability ratios
P)International Accounting Standards Committee (IASC)
Q)Leverage ratios
r
management accountant

Question

Quizplus · Accepted Answer

The term "certified public accountant" fits the description given in the sentence, as it refers to someone who has met state requirements and passed rigorous accounting exams.

Answer: G
 The term "balance sheet" is the financial statement that shows a company's assets, liabilities, and owners' equity.

Answer: H
 The term "income statement" is a financial statement that shows a company's revenues, expenses, and net income.

Answer: M
 The term "generally accepted accounting principles (GAAP)" refers to the standard guidelines and principles that companies use to prepare and present their financial statements.

Answer: N
 The Financial Accounting Standards Board (FASB) is the organization responsible for setting accounting standards in the United States.

Answer: r
 The term "management accountant" refers to a professional who works within a company to help with financial planning, budgeting, and decision-making.

MATCHING Complete the Following Using the Terms Listed