Intuit Certified Bookkeeping ||\\||\\ ||\\||\\ ||\\||\\
Professional Exam with correct answers ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Ethical Responsibilities of Bookkeepers
||\\||\\ ||\\||\\ ||\\||\\
Confidentiality
Security
Integrity
Accounting Equation ||\\||\\
Assets = Liabilities + Owner's Equity
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Assets
Economic resources (things of value) owned by a firm. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Liabilities
debts that you owe
||\\||\\ ||\\||\\ ||\\||\\
Owners (Equity) ||\\||\\
portion of assets owners can lay claim
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Financial Statements (In Order) ||\\||\\ ||\\||\\ ||\\||\\
Income Statement ||\\||\\
Statement Of Owner's Equity ||\\||\\ ||\\||\\ ||\\||\\
,Balance Sheet ||\\||\\
Statement of Cash Flows ||\\||\\ ||\\||\\ ||\\||\\
Income Statement ||\\||\\
A financial statement showing the revenue and expenses for a
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
fiscal period. ||\\||\\
Amounts come from adjusted trial balance. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Revenue-Expenses=Net income/net loss ||\\||\\ ||\\||\\
Title of Income Statement||\\||\\ ||\\||\\ ||\\||\\
Company Name ||\\||\\
Income Stated ||\\||\\
"For The Month Ended" ||\\||\\ ||\\||\\ ||\\||\\
Layout of Income Statement ||\\||\\ ||\\||\\ ||\\||\\
Revenues listed first ||\\||\\ ||\\||\\
Expenses listed second ||\\||\\ ||\\||\\
All revenues and expenses are listed from greatest to least
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Statement of Owners Equity (SOE) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Financial statement showing changes in the owner's equity ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
based on net income or net loss and owner investments and
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
withdrawals.
Beginning capital balance comes from adjusted trial balance ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Title of SOE ||\\||\\ ||\\||\\
, Company Name ||\\||\\
SOE
"For The Month Ended"
||\\||\\ ||\\||\\ ||\\||\\
Layout of SOE ||\\||\\ ||\\||\\
Add: Net Income and Investments
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Subtract: Net Loss and Withdrawals ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Increase/Decrease in OE: ||\\||\\ ||\\||\\
Ending Capital Balance: ||\\||\\ ||\\||\\
Balance Sheet ||\\||\\
A financial statement that reports assets, liabilities, and owner's
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
equity on a specific date. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Assets and Liabilities comes from adjusted trial balance.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Owner's ending capital balance comes from SOE statement ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Title of Balance Sheet
||\\||\\ ||\\||\\ ||\\||\\
Company Name ||\\||\\
Balance Sheet ||\\||\\
Date
Layout of Balance Sheet ||\\||\\ ||\\||\\ ||\\||\\
Assets (In Order of Liquidity): ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Total Assets: ||\\||\\
Liabilities (Short to Long Term) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Total Liabililities: ||\\||\\
Owner's Equity: ||\\||\\
Professional Exam with correct answers ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Ethical Responsibilities of Bookkeepers
||\\||\\ ||\\||\\ ||\\||\\
Confidentiality
Security
Integrity
Accounting Equation ||\\||\\
Assets = Liabilities + Owner's Equity
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Assets
Economic resources (things of value) owned by a firm. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Liabilities
debts that you owe
||\\||\\ ||\\||\\ ||\\||\\
Owners (Equity) ||\\||\\
portion of assets owners can lay claim
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Financial Statements (In Order) ||\\||\\ ||\\||\\ ||\\||\\
Income Statement ||\\||\\
Statement Of Owner's Equity ||\\||\\ ||\\||\\ ||\\||\\
,Balance Sheet ||\\||\\
Statement of Cash Flows ||\\||\\ ||\\||\\ ||\\||\\
Income Statement ||\\||\\
A financial statement showing the revenue and expenses for a
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
fiscal period. ||\\||\\
Amounts come from adjusted trial balance. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Revenue-Expenses=Net income/net loss ||\\||\\ ||\\||\\
Title of Income Statement||\\||\\ ||\\||\\ ||\\||\\
Company Name ||\\||\\
Income Stated ||\\||\\
"For The Month Ended" ||\\||\\ ||\\||\\ ||\\||\\
Layout of Income Statement ||\\||\\ ||\\||\\ ||\\||\\
Revenues listed first ||\\||\\ ||\\||\\
Expenses listed second ||\\||\\ ||\\||\\
All revenues and expenses are listed from greatest to least
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Statement of Owners Equity (SOE) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Financial statement showing changes in the owner's equity ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
based on net income or net loss and owner investments and
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
withdrawals.
Beginning capital balance comes from adjusted trial balance ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Title of SOE ||\\||\\ ||\\||\\
, Company Name ||\\||\\
SOE
"For The Month Ended"
||\\||\\ ||\\||\\ ||\\||\\
Layout of SOE ||\\||\\ ||\\||\\
Add: Net Income and Investments
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Subtract: Net Loss and Withdrawals ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Increase/Decrease in OE: ||\\||\\ ||\\||\\
Ending Capital Balance: ||\\||\\ ||\\||\\
Balance Sheet ||\\||\\
A financial statement that reports assets, liabilities, and owner's
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
equity on a specific date. ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Assets and Liabilities comes from adjusted trial balance.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Owner's ending capital balance comes from SOE statement ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Title of Balance Sheet
||\\||\\ ||\\||\\ ||\\||\\
Company Name ||\\||\\
Balance Sheet ||\\||\\
Date
Layout of Balance Sheet ||\\||\\ ||\\||\\ ||\\||\\
Assets (In Order of Liquidity): ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Total Assets: ||\\||\\
Liabilities (Short to Long Term) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Total Liabililities: ||\\||\\
Owner's Equity: ||\\||\\
