Ice Breaker

What is the general name for a group of wolves?

• School

• Herd

• Litter

• Pack

What has one eye but can’t see?

• Needle

• Cyclops

• Storm

• Hurricane

What are the key components of an internal control system?

• Control environment, risk assessment, control activities, information and communication, monitoring

• Financial statements, tax returns, employee records, asset management

• Audit reports, compliance checks, performance reviews, budget analysis

• Management policies, employee training, software systems, external audits

The Statue of Liberty was given to the United States as a gift from which country?

• Italy

• France

• Denmark

• Germany

Which island is known as the "Queen City of the South"?

• Luzon

• Mindanao

• Cebu

• Palawan

What is the official language of the Philippines?

• Cebuano

• Hiligaynon

• Tagalog

• Filipino

What is the accounting equation?

• Assets =
  Liabilities - Equity

• Assets =

  Revenue - Expenses

• Assets =
  Liabilities + Equity

• Assets =
  Liabilities + Equity - Expenses

What is the name of the active volcano located in Albay, known for its perfect cone shape?

• Taal Volcano

• Mount Pinatubo

• Mayon Volcano

• Mount Apo

Which account increases equity?

• Debit Account

• Revenue

• Credit Account

• Treasury Stock

Which famous Filipino dish is made with vinegar, soy sauce, garlic, and pepper?

• Sinigang

• Kare-Kare

• Adobo

• Lechon