Avengers Wordplay
Across
- 5. The balance sheet may contain a significant amount of footnotes because of the full __________________ principle.
- 7. Will FIFO or LIFO report higher profits when costs and selling prices are continually increasing?
- 8. with the generally accepted accounting principles in the preparation and presentation of financial statements
- 9. A loss making contract
- 11. An item that is unusual in nature and infrequent in occurrence.
- 12. Long-term prepayments made by a company are reported on the company's balance sheet as __________ assets or other assets.
- 15. A person who exposes any kind of information or activity that is deemed illegal, dishonest, or not correct within an organization that is either private or public
- 19. Lot of powers are now delegated to _______ from CG/ROC under new Companies Act 2013
- 21. Donation under new Companies Act 2013
- 23. This regulates capital markets
- 24. A Company with no significant accounting transaction
- 25. A contingent liability should be reported on the balance sheet if two conditions are met: 1) it is _______________ in occurrence, and 2) the amount can be estimated.
- 26. Income tax Act to be replaced with____ in the future
- 27. In Update TOC, for time gap between 3-6 months, this is one of the audit procedure to be performed as per EY GAM
- 31. A multidisciplinary organisation to investigate fruads in India
- 32. The 'F' in FASB.
- 34. with the disclosure requirements prescribed by regulatory bodies, statutes and rules and regulations relevant to the enterprise
- 37. Title passes at the seller’s location when the terms are FOB __________ point.
- 40. I have invested 25% in you. Who are you to me?
- 41. To conceive of and suggest areas in which Accounting Standards need to be developed
- 44. File me once and use me for 12 months for rising money in capital markets
- 47. ICAI members needs this continuously to be a member
- 48. Unearned Revenues and Customer Deposits are _______________ accounts.
- 49. ________ on Bonds Payable is a contra-liability account
- 51. The net income of a corporation divided by the number of shares of common stock outstanding. (acronym)
Down
- 1. Generally, inventory is reported on the balance sheet at its cost or at an amount that is _________ than its cost.
- 2. A new KMP under Companies Act 2013
- 3. You need my approval for cross border transactions
- 4. It would review the general purpose financial statements of certain enterprises and auditor’s report thereon with a view to determine:
- 5. No longer I am Physically available
- 6. Read this before investing
- 10. Mandatory review to be conducted on all audit firms which are auditing any listed Company
- 13. The difference between the amounts of assets and liabilities is stockholders' __________.
- 14. This Prinicple helps guide the accountant when doubt exists between two alternatives. Associated with the lower of cost or market for inventory valuation.
- 16. I will distribute the assets of a Company at the end
- 17. Report to me if your losses exceeds 50% of past 4 years peak networth
- 18. I regulate all insurance companies
- 20. Use of these amounts may be necessary when preparing the income statement.
- 22. An Intentional mistake
- 28. A Body Established under the Act of Parliament to review the quality of services provided by the members of the Institute including audit services
- 29. Global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies
- 30. Issued by ICAI to help its members to implement standards on auditing and accounting.
- 33. shall provide for adequate safeguards against victimisation of persons who use such mechanism and make provision for direct access to the chairperson of the Audit Committee
- 35. If a company's Dec. 31 2014 ending inventory is understated, the company's net income for 2014 will be understated and its net income for 2015 will be ________________.
- 36. I am an engineer, a valuer, a CA……
- 38. I make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards for adoption by companies under Companies Act 2013
- 39. If a company has incurred expenses but has not yet been billed for them as of the end of an accounting period, they are referred to as ____________ expenses.
- 42. To reply the queries on Accounting, Auditing and allied matters, received from the members of the Institute
- 43. If a company wants to have a year end other than March 31st, it should obtain approval from_____
- 45. Auditor is required to obtain sufficient, appropriate audit _____ to support his opinion
- 46. At the end of the accounting year, the employees count all of the items held in inventory. This is referred to as a __________ inventory.
- 50. I can lend. But I am not a Bank.