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Continuing Education Accounting Questions

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Continuing Education Accounting
Corporate Accounting should be contacted before a loss contingency is recorded.
  1. True
  2. False
Continuing Education Accounting
One of the key elements of the Company's Intercompany policy is to direct post transactions whenever possible.
  1. True
  2. False
Continuing Education Accounting
What is the Eldorado Method used for?
Continuing Education Accounting
Discuss at least two of the components that change the Holiday Gift Shoppe accrual over the course of the year.
Continuing Education Accounting
Name one of the general conditions that must be met to recognize revenue:
Continuing Education Accounting
Discounts on marker play should be recorded as what?
  1. Discount expense
  2. Contra revenue
  3. An accrued asset
Continuing Education Accounting
Should a property accrue for large non-progressive jackpots or the reset amounts of progressive jackpots?
  1. Yes
  2. No
Continuing Education Accounting
Recording revenue for outstanding chips and tokens is done through a standardized calculation. How often is this done?
  1. Monthly
  2. Quarterly
  3. Annually
Continuing Education Accounting
Based on the State of Nevada Gaming Control Board's Minimum Internal Controls, what is the minimum number of employees needed to perform a slot drop?
  1. 1
  2. 2
  3. 3
  4. 4
Continuing Education Accounting
According to the State of Nevada Gaming Control Board Minimum Internal Controls, fill or credit slips should possess the following:
  1. In triplicate form
  2. Used in continuous numerical series
  3. Prenumbered or concurrently numbered
  4. All of the above
Continuing Education Accounting
How often is chip and token revenue recorded?
  1. Monthly
  2. Quarterly
  3. Annually
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