Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
thumb_up100%
Chapter 1, Problem 20MC
Most states require 150 semester hours of college credit for which professional certification?
A. Certified
B. Certified Internal Auditor (CIA)
C. Certified Public Accountant (CPA)
D. Certified Financial Planner (CFP)
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Most states require 150 semester Hours of college credit for which professional certification?
Question 8
What are the educational requirements to receive a CPA certificate in the State of Connecticut?
A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses
A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 36 credit hours in economics or general business courses
A Baccalaureate Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses
A Master's Degree, 150 total credit hours, 36 credit hours in accounting, 30 credit hours in economics or general business courses
Which of the following is typically required for entry-level positions in the accounting profession?
bachelor’s degree
master’s degree
Certified Public Accountant (CPA)
Certified Management Accountant (CMA)
only a high school diploma
Chapter 1 Solutions
Principles of Accounting Volume 1
Ch. 1 - Accounting is sometimes called the language of...Ch. 1 - Financial accounting information ________. A....Ch. 1 - External users of financial accounting information...Ch. 1 - Which of the following groups would have access to...Ch. 1 - All of the following are examples of managerial...Ch. 1 - Which of the following is not true? A....Ch. 1 - The primary purpose of what type of business is to...Ch. 1 - Which of the following is not an example of a...Ch. 1 - A governmental agency can best be described by...Ch. 1 - Which of the following is likely not a type of...
Ch. 1 - Which of the following is not considered a...Ch. 1 - Stockholders can best be defined as which of the...Ch. 1 - Which of the following sell stock on an organized...Ch. 1 - All of the following are sustainable methods...Ch. 1 - The accounting information of a privately held...Ch. 1 - Which of the following skills/attributes is not a...Ch. 1 - Which of the following is typically required for...Ch. 1 - Typical accounting tasks include all of the...Ch. 1 - What type of organization primarily offers tax...Ch. 1 - Most states require 150 semester hours of college...Ch. 1 - Research your top five career choices. Identify...Ch. 1 - Using the same top five career choices, identify...Ch. 1 - Think about a recent purchase you made. Describe...Ch. 1 - Computerized accounting systems help businesses...Ch. 1 - The following information was taken from the...Ch. 1 - The following chart shows the price of Netflix...Ch. 1 - Use the internet to research one for-profit, one...Ch. 1 - Use the internet to research one manufacturing,...Ch. 1 - Assume you are considering opening a retail...Ch. 1 - Uber and Lyft are two popular ride-sharing...Ch. 1 - How would you categorize or classify a company...Ch. 1 - Charity Navigator...Ch. 1 - Use the internet to visit the Securities and...Ch. 1 - Imagine that you have just been elected president...Ch. 1 - According to a company press release, on January...Ch. 1 - The Dow Jones Industrial Average (DJIA) is often...Ch. 1 - Many professional certifications now have...Ch. 1 - The Certified Public Accountant (CPA) exam is a...
Additional Business Textbook Solutions
Find more solutions based on key concepts
What do you think enabled Jack Bonneau to start and grow a successful business at such a young age?
Principles of Management
S4–9 Identifying temporary and permanent accounts
Learning Objective 3
For accounts listed, identify whether t...
Horngren's Accounting (12th Edition)
E6-14 Using accounting vocabulary
Learning Objective 1, 2
Match the accounting terms with the corresponding d...
Horngren's Accounting (11th Edition)
Ravenna Candles recently purchased candleholders for resale in its shops. Which of the following costs would be...
Financial Accounting (12th Edition) (What's New in Accounting)
Which of the following includes only financial budgets? capital asset budget, budgeted income statement, sales ...
Principles of Accounting Volume 2
What can a company do to reduce its workers' compensation insurance costs?
Construction Accounting And Financial Management (4th Edition)
Knowledge Booster
Similar questions
- The Certified Management Accountant (CMA) certification: signifies someone specializing in tax accounting requires an associates degree and four years of work experience includes a two-part exam, education requirements, and a work experience requirement is offered to managers who take special courses in accountingarrow_forwardThe Certified Financial Analyst (CFA) certification: only requires a high school diploma is administered by the AICPA consists of three separate exams that must be taken in succession is the most popular certification among accountants in the United Statesarrow_forwardWhich of the following is typically required for entry-level positions in the accounting profession? A. bachelors degree B. masters degree C. Certified Public Accountant (CPA) D. Certified Management Accountant (CMA) E. only a high school diplomaarrow_forward
- As an accounting student, how do you practice the four core values of the university, and the five fundamental principles of the Code of Ethics of the profession? Answer with at least three sentences.Four Core Values: academic excellence, creativity, and social involvementarrow_forwardWhich of the following is a requirement for becoming a CPA Select one: a. pass examination offered which consisting of 4 parts b. graduate degree with a major in accounting c. All of the above are requirement d. pass examination of 4 parts is enough to become a CPA e. experience to 2 years, including auditingarrow_forwardIn the file MajorSalary, data have been collected from 111 College of Business graduates on their monthly starting salaries. The graduates include students majoring in management, finance, accounting, information systems, and marketing. Create a PivotTable in Excel to display the number of graduates in each major and the average monthly starting salary for students in each major. a. Which major has the greatest number of graduates? b. Which major has the highest average starting monthly salary? c. Use the PivotTable to determine the major of the student with the highest overall starting monthly salary. What is the major of the student with the lowest overall starting monthly salary?arrow_forward
- CASE (A): A group of recent passers of the licensure examination for Certified Public Accountants are registering for the Philippine Institute of Certified Public Accountants (PICPA). The registration officer asks each of them which sub-organization under the umbrella of PICPA they would also like to be registered to. The registration officer provided them with the following choices: A. Association of Certified Public Accountants in Public Practice (ACPAPP) B. Association of Certified Public Accountants in Commerce and Industry (ACPACI) C. Government Association of Certified Public Accountants (GACPA) D. National Association of Certified Public Accountants in Education (NACPAE) For each of the certified public accountants listed below, determine which organization they would fit into considering their job profile. ____________1. Joseph is hired as an internal auditor for a fastmoving consumer goods manufacturer. ____________2. Laurence works for an auditing firm engaged in providing…arrow_forward1. State University, a public university, has a policy of granting faculty members a one-year paid sabbatical leave after a period of seven years continuous employment. The leave is for further study, research or public service. A particular faculty member earns $70,000 per year. Assuming that the college maintains its books and records in a manner that facilitates the preparation of the government-wide financial statements and assuming that any appropriate accruals have been made, what is the appropriate entry to record the employee s salary paid while on sabbatical leave? a. Debit Expenditures $70,000; Credit Cash $70,000. b. Debit Expenses $70,000; Credit Cash $70,000. c. Debit Sabbatical Leave Payable $70,000; Credit Cash $70,000. d. No entry required. 2. State University, a public university, has a policy of granting faculty members a one-year paid sabbatical leave after a period of seven years continuous employment. The leave is for further study, research or public service. A…arrow_forwardThe following Trial Balance relates to Banco Community College, a public tertiary educational institution in Guyana, as at December 31, 2019. DR CR Fees Income 4,575,622 Permanent Post 5,312,430 Allowance 856,670 Independent consultancy fees 655,600 Legal Cost 25,059 CARICOM Grant 1,540,000 Consultancy Cost 565,500 Non-Permanent Post 1,253,600 Seminars cost 500,000 Sponsorship (granted/received) 8,100 9,066,828 Receivables 468,050 Payables 182,840 20% loan 8,600 Books and Research Allowance 150,765 Plant and Machinery 3,000,000 250,000 Motor Vehicle 2,505,000 352,000 Building 12,300,000 756,000 Software 995,500 150,000 Other Incomes 211,430 Project Work Supervisory Allowance 48,500 Cash and Bank 294,233 Training and Workshop cost 104,000 Bad debt provision (student fees) 4,940 Work in Progress 8,251,735 Other Expenses 71,000 Withholding Tax 90,500 Accumulated Fund 11,205,270…arrow_forward
- Company A's balance sheet and income statement for the fiscal year ending 2021 show the following: - Net Income: $15,000,000 - Total Assets: $75,000,000 - Total Revenue: $200,000,000 - Net Revenue: $50,000,000 You are the associate auditor on this client. Your senior auditor tells you that for Company A, 1.5% is the materiality judgement. Based on the appropriate benchmark identified in Question #1, determine the planning materiality. Show your work. Your work should look like: BENCHMARK AMOUNT x MATERIALITY JUDGEMENT = PLANNING MATERIALITYarrow_forwardWrite job titles listed under each of the four branches of accounting where you may find them working. Be able to write at least five per column Government Accounting Commerce and Industry Education or Academe (EA) Public Accounting (PA) or Independent Auditing 1 1 1 1 2 2 2 2 3 3 3 3 4 4 4 4 5 5 5 5 JOB TITLES: financial accountantprofessormanagement accountantbudget officerresearcher/book authorbank examinerchief accountantcomptrollerchief financial officertax consultanttax examinerdean of accountancybookkeeperinstructorcost accountantinternal auditorcpa reviewermanaging partnercustoms examinerjunior audit staffarrow_forwardAssume that you have finished your MBA program and have applied for a position in the Financial Accounting Department of a large multinational company. The company is struggling with its accounting reporting matters and several accounting reports are under regulatory scrutiny. In the interview board, the recruitment committee members have asked you the following questions. What have you learnt in the BUS 505 course relating to financial accounting? How you can contribute the Financial Accounting Department of this company if you are recruited?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegePrinciples of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegeEssentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage Learning
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning