4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
D196- Principles of Financial and Managerial Accounting Test
Bank Final Exam 2026-2027 || Most Recent Exam Actual Complete Real
Exam Questions And Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam | Just Released!!
bookkeeping
day to day keeping of transcations
steps of decision making
identify issue
gather
information
identify
alternatives
select option that most likely results in desired objective
accounting
analysis of events
record and report financial effects of business activities
where does capital come from (3)
investors
creditors(lenders)
business itself (from earnings retained)
/ 1/35
,4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
2 main types of accounting
financial and managerial
managerial accounting
gather and analysis of information for internal use and decision making.
financial accounting
gather, report, analysis of information for external users- investors and
creditors. summary of a business
what does managerial accounting review
product cost, breakeven analysis, budgeting, performance analysis,
outsource production
what does financial accounting review
credit analysis, financial health, estimate value of the company
examples of external financial reports for financial accounting
annual report, financial statement, balance sheet, income statement,
statement of cash flow
/ 2/35
,4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
balance sheet
reports assets and liabilities. basic.
list as of a point in time. as of today, as of yesterday
financial activity; inflow and outflow
inflow borrowing $, receiving investments from
owners outflow repaying loan, dividends,
cash inflow
receiving cash investments form owners, cash from bank when borrowing
$, cash from customers, cash from sale of old machines, buildings, etc
cash outflow
paying to buy new machines, buildings, paying employee wages,
suppliers for inventory purchases, interst on loans, principal on loans,
dividends
stmt of retained earnings
accumulated profit and loss since business started. links income stmt
and balance sheet together. from one accounting period to the next.
beg. retained earnings + net income for period - dividends paid during
what does sec do
monitors securities market and financial disclosures
/ 3/35
, 4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
form 10k, what is it, where is it found, how often
annual filing, tells what the business does and products and services
sold/offered, risk of company,
properties owned, legal proceedings, mngmt discussion fo how company
is doing and future outlook, financial stmts,
file w/i 60 days of fiscal
year sec website
form 10q
quarterly unaudited financial reports covering the most
current quarter filed quarterly
cik- what does it stand for and what is it
central index key
unique indentifying number for each company in sec EDGAR system
when looking at a balance sheet, what is used for property, current market
value or original market value
original market value
current vs long term format
current typically = within a year
long term typically = more than a year
/ 4/35
D196- Principles of Financial and Managerial Accounting Test
Bank Final Exam 2026-2027 || Most Recent Exam Actual Complete Real
Exam Questions And Correct Answers (Verified Answers) Already Graded
A+ | Guaranteed Success!! Newest Exam | Just Released!!
bookkeeping
day to day keeping of transcations
steps of decision making
identify issue
gather
information
identify
alternatives
select option that most likely results in desired objective
accounting
analysis of events
record and report financial effects of business activities
where does capital come from (3)
investors
creditors(lenders)
business itself (from earnings retained)
/ 1/35
,4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
2 main types of accounting
financial and managerial
managerial accounting
gather and analysis of information for internal use and decision making.
financial accounting
gather, report, analysis of information for external users- investors and
creditors. summary of a business
what does managerial accounting review
product cost, breakeven analysis, budgeting, performance analysis,
outsource production
what does financial accounting review
credit analysis, financial health, estimate value of the company
examples of external financial reports for financial accounting
annual report, financial statement, balance sheet, income statement,
statement of cash flow
/ 2/35
,4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
balance sheet
reports assets and liabilities. basic.
list as of a point in time. as of today, as of yesterday
financial activity; inflow and outflow
inflow borrowing $, receiving investments from
owners outflow repaying loan, dividends,
cash inflow
receiving cash investments form owners, cash from bank when borrowing
$, cash from customers, cash from sale of old machines, buildings, etc
cash outflow
paying to buy new machines, buildings, paying employee wages,
suppliers for inventory purchases, interst on loans, principal on loans,
dividends
stmt of retained earnings
accumulated profit and loss since business started. links income stmt
and balance sheet together. from one accounting period to the next.
beg. retained earnings + net income for period - dividends paid during
what does sec do
monitors securities market and financial disclosures
/ 3/35
, 4/11/26, 11:20 AM D196- Principles of Financial and Managerial Accounting
form 10k, what is it, where is it found, how often
annual filing, tells what the business does and products and services
sold/offered, risk of company,
properties owned, legal proceedings, mngmt discussion fo how company
is doing and future outlook, financial stmts,
file w/i 60 days of fiscal
year sec website
form 10q
quarterly unaudited financial reports covering the most
current quarter filed quarterly
cik- what does it stand for and what is it
central index key
unique indentifying number for each company in sec EDGAR system
when looking at a balance sheet, what is used for property, current market
value or original market value
original market value
current vs long term format
current typically = within a year
long term typically = more than a year
/ 4/35
