Multiple Choice
Complete the following using the terms listed.
-A(n) _____ requires a minimum of a bachelor's degree;150 hours of education and experience;and the completion of 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) Sarbanes-Oxley Act (SOX)
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
Correct Answer:

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Correct Answer:
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