Principles of Financial Accounting McGraw-Hill
Irwin 20th Edition - John J. Wild, Ken W. Shaw, and Barbara Chiappetta
This is a Free Service provided by Why Fund Inc. (a 501 C3 NonProfit) We thank you for your donation!
(1. Click on the course Study Set you wish to learn.) (2. If you wish you can click on "Print" and print the test page.) (3. When you want to take a test...click on anyone of the tests for that Study Set.) (4. Click on "Check Answers" and it will score your test and correct your answers.) (5. You can take all the tests as many times as you choose until you get an "A"!) (6. Automated college courses created from lecture notes, class exams, text books, reading materials from many colleges and universities.)
Learn efficiently and remember over time.
Start Long-Term Learning
Get personalized study reminders at intervals optimized for better retention.
Track your progress on this set by creating a folder
Short term investment assets that
are readily convertible to a known cash amount or sufficiently close to
their maturity date (usually within 90 days) so that market value is
not sensitive to interest rate changes.
Principles prescribing management
to establish responsibility, maintain records, insure assets, separate
recordkeeping from custody of assets, divide responsibility for related
transactions, apply technological controls, and perform reviews.
Created the Public Company
Accounting Oversight Board, regulates analyst conflicts, imposes
corporate governance requirements, enhances account and control
disclosures, impacts insider transactions and executive loans,
establishes new types of criminal conduct, and expands penalties for
violations of federal securities laws.
Requires that company management
document and assess the effectiveness of all internal control processes
that can affect financial reporting. Company auditors express an opinion
on whether management's assessment of the effectiveness of internal
controls is fairly stated.
Measure of both the quality and
liquidity of accounts receivable. Indicates how often receivables are
received and collected during the period. Computed by dividing net sales
by average accounts receivable.