Question: Which branch views history when making future predictions? ___________________________________ Which branch evaluates expenses by department? ___________________________________________ Which branch concerns itself with the timely submission of

Which branch views history when making future predictions? ___________________________________ Which branch evaluates expenses by department? ___________________________________________ Which branch concerns itself with the timely submission of government documents? _______________ Which accounting branch records, summarizes and reports transactions?__________________________ Name 1 of the 3 Uniform System of Accounting within hospitality _______________________________ Provide the Accounting Formula __________________________________________________________ How many Generally Accepted Accounting Principles (GAAP) are there? __________________________ Financial Statements What is another name for the Income Statement? ____________________________________________ What are the three components / categories in the formatting of the Income Statement __________________________ ___________________________ _____________________________ How many stakeholders are there _________________________________________________________ Name 2 stakeholders ________________________________ __________________________________ Name 2 types of Income Statement analysis ________________________ _______________________ Which analysis compares actualized results to budget, forecast and prior year?_____________________ Which analysis of the Income Statement measures success by margins? __________________________ What financial statement reflects the value of a business at one specific moment in time? _____________________________________________________________________________________ Which statement shows all sources of funds from operating, investing & financial activities ________________________________________________________________________________

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