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12 Cards in this Set
- Front
- Back
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Melissa works for a travel agency. Her job involves preparing financial reports and interpreting those reports to provide information for decision making. Which title is appropriate for Melissa's job? |
Accountant |
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Ricardo is a loan officer for a bank and is reviewing the financial statements of a prospective borrower. As a user of accounting information, Ricardo is most interested in using the information ______ |
Evaluate credit risk sir |
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Sri manages the sales force for his company. He is engaged in the ________ activity. |
Operating |
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Professionals who are responsible for gathering, recording, reporting, and interpreting the financial information of an organization are ________. |
Accountants |
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Public accountants typically perform all of the following tasks for a business client EXCEPT ________. |
Developing the firms marketing strategy |
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The rules followed by accountants when preparing financial statements are referred to as _______. |
Generally Accepted Accounting Practices. (GAAP) |
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The _____ is the process by which money flows from savers to users. |
Financial system |
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Who participates in the financial system? |
Businesses |
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______ is a form of short-term financing sold by corporations that matures from 1 to 270 days after the date of issue. |
Commercial paper |
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In the U.S. Financial system, which of the following is a net saver? |
Households |
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Funds can be transferred between savers and users in two ways: ______and _______. |
Directly; indirectly |
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Treasury bills have a minimum denomination of _________. |
$1,000 |
