1. a Introduction to Accounting
Klausur am 17.10.
Klausur am 17.10.
Set of flashcards Details
| Flashcards | 93 |
|---|---|
| Language | English |
| Category | English |
| Level | University |
| Created / Updated | 14.09.2015 / 28.08.2021 |
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The person in a company who is responsible for making payments and receiving money.
bookkeeper
4 Types of audits
Performance auditing
Financial audits
Compliance audits
Investigative audits
What is the opposite of "tangible". (materilles Wirtschaftsgut)
intangible (immaterielles Wirtschaftsgut)
Definition of "Performance auditing"
Performance auditing is an independent evaluation of an organization's operatios, intended to make it more efficient.
What is the opposite of "on time"? (termingerecht)
deferred (Stundung/hinausgeschobene Zahlung)
The person in a company who checks that the accounting procedures are accurate.
internal auditor
What is the opposite of "payables"? (Verbindlichkeiten)
receivables (Forderungen)
The person who is engaged to check the accounting procedures of a company and/or the correctness of the financial statements, but who is employed by another company.
external auditor
Definition of "Financial audits"
Financial audits are similar to those performed in the public arena.
The opposite of "liability" (Schuld)
asset (Gewinn)
The person who oversees and supports the bookkeepers or accountants in the finance department, especially in large firms.
back-office manager
Definition of "Compliance audits"
Compliance audits determine whether the organization is following laws, regulations, and contractual grant or loan agreements.
Indirect compensation paid to staff (e.g. health insurance, pension)
employee benefits
An accountant who has not yet taken the professional examinations.
trainee accountant
Definition of "Investigative audits"
Investigative audits are performed when there is any suspicion of illegal activity.
Which type of activity?
Conducting a regulatory review.
Animals and plants
biological assets
An accountant who ensures the company is paying the correct amount of money owned to the government.
tax accountant
Which type of activity?
Compiling a comliance adit report.
Net income kept by the company and used for reinvestment.
retained earnings
The person in charge of a company's financial activities.
controller
Which type of activity?
Compiling checklists
Those parts of a company's business which are expected to continue in the future (not one time events).
continuing operations
bookkeeper
The person in a company who is responsible for making payments and receiving money.
Which type of activity?
Developing a follow-up action program.
internal auditor
The person in a company who checks that the accounting procedures are accurate.
A company's change in equityfor a given period.
comprehensive income
Operating revenue minus operating expenses
operating profit
Operating revenue minus operating expenses
operating profit
external auditor
The person who is engaged to check the accounting procedures of a company and/or the correctness of the financial statements, but who is employed by another company.
Which type of activitiy?
Planning and preparing for the audit
back-office manager
The person who oversees and supports the bookkeepers or accountants in the finance department, especially in large firms.
Funds raised by the issue of shares.
share capital
what type of activity?
Conducting a closing meeting.
Definition of "employee benefits"
Indirect compensation paid to staff (e.g. health insurance, pension)
trainee accountant
An accountant who has not yet taken the professional examinations.
What type of activity?
Evaluating audit evidence.
tax accountant
An accountant who ensures the company is paying the correct amount of money owned to the government.
Examples of "biological assets"
animals and plants
Which type of audit?
Collecting background information
