ISPA Pulse Interactive Quiz
How Smart Are You When It Comes
to Spa Financial Management?
est your own, or your staff’s, knowledge on spa financial management. Go to digital
Pulse on experienceispa.com to take Pulse’s interactive quiz and share this online tes t
with your entire spa team.
Questions from this interactive quiz are based on competencies covered in ISPA’s Financial
Management for Spas, a valuable and comprehensive resource for spa professionals
T
Cash, accounts receivable,
prepaid expenses, and inventory
are all examples of spa:
assets.
liabilities.
owners’ equity.
debits and credits.
Accounts payable, notes payable,
withheld taxes, and deferred income
are all examples of spa:
assets.
liabilities.
owners’ equity.
debits and credits.
What is the basic accounting
equation?
Liabilities = Assets + Owners’ Equity
Owners’ Equity = Liabilities + Assets
Assets = Liabilities + Owners’ Equity
Liabilities = Owners’ Equity ÷ Assets
Take the test on digital Pulse to find out the answers!
38 PULSE
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November 2012