Word Scrambles Archives - My Accounting Course

Financial Statements Word Scrambles

Shaun Conrad, CPA — Fri, 27 Oct 2017 20:13:33 +0000

Instructions

Hover over the scrambled word with your mouse to show the unscrambled answer.

1. First activity listed on the cash flow statement:

oyrnitevn vrrntueo

operating activities

2. Report that lists account balances of only permanent accounts.

Acsh Oviennocsr Yeccl

balance sheet

3. Place where extra financial information is attached to financial statements:

Bointitcnrou Gmianr

footnotes

4. Last activites list on the cash flow statement.

Syda Elssa ni Viernynto

financing activities

5. Financial statement that lists only temporary accounts:

tasse vetrrnou

income statement

6. Financial statement used to compute the gross profit margin.

Bdet Ercsvei Recgvaeo

income statement

7. The financial statement that is based on the accounting equation:

Eidfx Ehcarg Evreocag

balance sheet

8. Activities that include purchases of long-term assets:

Rnteru no Aciltap Ldpmyeeo

investing activities

9. Unearned revenues are reported on the:

Stemi Nsreitte Erdena

balance sheet

10. Cost of goods sold is reported on the:

Aysd Aless Nautstindog

income statement

of financial statements with these quizzes.

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Financial Ratios

Shaun Conrad, CPA — Fri, 27 Oct 2017 20:09:21 +0000

Instructions

Hover over the scrambled word with your mouse to show the unscrambled answer.

1. Shows how effectively inventory is managed during a period.

oyrnitevn vrrntueo

inventory turnover

2. A cash flow calculation that measures the time it takes to convert inventory and other resource inputs into cash.

Acsh Oviennocsr Yeccl

cash conversion cycle

3. The difference between a company’s total sales revenue and variable costs.

Bointitcnrou Gmianr

contribution margin

4. Measures the number of days it will take a company to sell all of its inventory.

Syda Elssa ni Viernynto

Days Sales in Inventory

5. An efficiency ratio that measures a company’s ability to generate sales from its assets.

tasse vetrrnou

asset turnover

6. A financial ratio that measures a company’s ability to pay its current debts with operating income.

Bdet Ercsvei Recgvaeo

Debt Service Coverage

7. Measures a firm’s ability to pay all of its fixed charges or expenses with its income before interest and income taxes.

Eidfx Ehcarg Evreocag

Fixed Charge Coverage

8. Measures how efficiently a company can generate profits from its capital in use.

Rnteru no Aciltap Ldpmyeeo

Return on Capital Employed

9. A coverage ratio that measures the amount of income that can be used to cover interest expenses in the future.

Stemi Nsreitte Erdena

Times Interest Earned

10. Measures the number of days it takes a company to collect cash from its credit sales.

Aysd Aless Nautstindog

Days Sales Outstanding

of financial ratios with these accounting quizzes.

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Accounting Principles Word Scrambles

Shaun Conrad, CPA — Fri, 27 Oct 2017 19:54:55 +0000

Instructions

Hover over the scrambled word with your mouse to show the unscrambled answer.

1. The constraint that states that some industries can depart from of traditional accounting theory.

Isudrnty Ipcrtceas Irnncttaso

Industry Practices Constraint

2. Principle that states estimates should always be made as modestly as possible.

Nrppeicli of Vsoiesnatmcr

Principle of Conservatism

3. Financial reporting should always be free from bias according to the:

Vyjcbotiite Niperlcpi

Objectivity Principle

4. Companies should use the same accounting treatment for similar events and transactions over time according to the:

Cynocsntesi Pieicrpnl

Consistency Principle

5. The usefulness of financial information to users during the decision making process.

Lcarneeve

Relevance

6. Whether financial information can be verified and used consistently by investors and creditors with the same results.

Irieyiatlbl

Reliability

7. A quality of accounting information that addresses the usability of financial information.

Royilcbmpatai

Comparability

8. A quality that refers to the principle that companies should use the same accounting methods to record similar transactions over time.

Tinsescnocy

Consistency

9. Traits of financial accounting information.

Iavaequtlit Aicstestirccrha

Qualitative Characteristics

10. Companies should be accounted for as if they will continue in the future according to the:

Inggo Ennocrc

Going Concern

of accounting principles with these quizzes.

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Accounting Cycle Word Scrambles

Shaun Conrad, CPA — Fri, 27 Oct 2017 19:50:09 +0000

Instructions

Hover over the scrambled word with your mouse to show the unscrambled answer.

1. Business transactions are recorded as:

ojrulna ritseen

journal entries

2. Transferring account balances from ledger accounts to trial balances is called _________ account balances.

iotpsgn

posting

3. Income statement accounts are closed at the end of a period to what temporary account?

Zioiajrnlnug

Income Summary Account

4. Account format that displays credits, debits, totals, and a heading.

t ncoacut

t account

5. Ledger accounts are first posted to an ______________ before adjustments are made.

Uejstnudad Artli Alnbeac

Unadjusted Trial Balance

6. Changes made to account balances at year end before preparing the adjusted trial balance.

Jnasitdug Isneert

Adjusting Entries

7. Journal entries record activities from what?

esbnuiss nattnisrosca

business transactions

8. The next trial balance created after the unadjusted trial balance in the accounting cycle.

Dedujsta Tirla Nacebla

Adjusted Trial Balance

9. What is prepared after the adjusted trial balance is made?

lianinafc tnesstaetm

financial statements

10. Journal entries made after the financial statements are prepared.

Slcongi Ensiert

Closing Entries

of the accounting cycle with these quizzes.

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Financial Accounting Basics Word Scrambles

Shaun Conrad, CPA — Fri, 27 Oct 2017 19:39:22 +0000

Instructions

Hover over the scrambled word with your mouse to show the unscrambled answer.

1. The process of communicating financial information to people outside of an organization.

nilcfnaia ncucatigon

financial accounting

2. The expanded accounting equation includes revenues, expenses, common stock, dividends, paid in capital, and ________.

sryrtaue cktos

treasury stock

3. Resource accounts with the same balance as expenses.

Sstaes

assets

4. A formula used to compute and balance double entry accounting.

Gctauncnoi Eqotiuan

accounting equation

5. Unearned revenues are what type of account?

Lsaeibiiilt

liabilities

6. Paid in capital is what type of account?

ityqeu

equity

7. What do journal entries record?

esbnuiss nattnisrosca

business transactions

8. The concept that debits will always equal credits.

ledbou trney onctiungca

double entry accounting

9. A record or document that contains account summaries for accounts used by a company.

rlgaene gdlree

general ledger

10. An account with an opposite balance.

Oactnr Uaocnct

Contra Account

of accounting basics with these accounting quizzes.

The post Financial Accounting Basics Word Scrambles appeared first on My Accounting Course.

Accounting Word Scrambles

Shaun Conrad, CPA — Tue, 17 Oct 2017 03:08:33 +0000

Accounting Word Scrambles

Instructions

Here are a list of the accounting topics that I have made word scrambles for. Good luck with your studying!

with these other accounting quizzes.

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