Accounting Principles, Finance And Accounting

Question: What are the 3 types of Health Care Organizations for accounting purposes?
A
Incorporated, Limited Liability, Sole Proprietor

B
Asset based, Liability based, Expense based

C
Investor-owned, Non-Profit, Governmental

D
Private, Public, LLC

Note: Not available
1. Report
Question: What is the accounting objective which best relates to the weighted average inventory method?
A
Tax Minimization

B
Income Smoothing

C
Profit Maximization

D
None of the above

Note: Not available
1. Report
Question: Which of the following methods is normally considered to be acceptable for financial reporting?
A
MACRS

B
Lower of cost or market price for inventories

C
Direct write off of uncollectible accounts

D
Capitalization of R&D Costs

Note: Not available
1. Report
Question: What change was made to the internal controls of the companies by the SOX?
A
All company processes and related internal controls now need to be documented and then tested by an outside auditing firm

B
Companies no longer have to document their internal controls since the auditors do the job

C
Internal controls can be more lax than before

D
Companies have to provide for internal controls only to satisfy the auditors

Note: Not available
1. Report
Question: What is the acronym for an organization that promotes the international harmonization of accounting standards?
A
SEC

B
IASC

C
FASB

D
None of the above

Note: Not available
1. Report
Question: How are third party adjustments to patient bills reflected in the financial statements?
A
As an addition to revenue

B
As a deduction from revenue

C
As a liability

D
As an asset

Note: Not available
1. Report
Question: What is the database created by the SEC for companies to file electronically?
A
PCAOB

B
EDGAR

C
SEC

D
IRS

Note: Not available
1. Report
Question: What was the purpose of the Sarbanes Oxley act, in general?
A
To allow for caps on management salaries

B
To allow for price setting on the stock market

C
To regulate employee pension funds

D
To better regulate public and private companies in the wake of recent accounting scandals

Note: Not available
1. Report
Question: What are forms 10K and 10Q referred to as?
A
Periodic Filings

B
Financial Statements

C
Information Returns

D
Tax Returns

Note: Not available
1. Report
Question: What is the acronym for the agency authorized by the U.S. Congress to regulate the financial reporting practices of most public corporations?
A
SEC

B
IASC

C
FASB

D
None of the above

Note: Not available
1. Report

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Question: What are the 3 types of Health Care Organizations for accounting purposes?

Question: What is the accounting objective which best relates to the weighted average inventory method?

Question: Which of the following methods is normally considered to be acceptable for financial reporting?

Question: What change was made to the internal controls of the companies by the SOX?

Question: What is the acronym for an organization that promotes the international harmonization of accounting standards?

Question: How are third party adjustments to patient bills reflected in the financial statements?

Question: What is the database created by the SEC for companies to file electronically?

Question: What was the purpose of the Sarbanes Oxley act, in general?

Question: What are forms 10K and 10Q referred to as?

Question: What is the acronym for the agency authorized by the U.S. Congress to regulate the financial reporting practices of most public corporations?