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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 15 - Fill in the Blanks

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Question 1 of 10

1. Question
Correction of an error that occurred in the computation of the net income of a previous period is accomplished by the use of a ____________ .
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Question 2 of 10

2. Question
In calculating earnings per share, the numerator should consist of ____________ and the denominator should consist of ____________.
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Question 3 of 10

3. Question
In calculating book value per share for a company with more than one class of stock, the amount allocated to preferred stock should be based on the preferred stock’s call value, sometimes referred to as the ____________ or ____________value.
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Question 4 of 10

4. Question
Usefulness of accounting information is enhanced if a company’s financial statements are ____________ with the statements of other enterprises.
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Question 5 of 10

5. Question
Accounting information should be comprehensible to those who have a ____________ understanding of business and economic activities.
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Question 6 of 10

6. Question
Congress established the ____________ to regulate business reporting practices for companies that issue publicly traded securities.
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Question 7 of 10

7. Question
The ____________ is a national association of licensed CPAs, and, at one time, was the parent of the standard-setting ____________.
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Question 8 of 10

8. Question
The private sector organization currently in charge of formulating standards for financial reporting is the ____________.
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Question 9 of 10

9. Question
The ____________ assumption holds that an entity’s life can be divided into discrete time periods.
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Question 10 of 10

10. Question
The exchange rate in effect at a particular point in time is known as the ____________.
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Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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