financial education

5. - The convention that a business is separate from its owner and other businesses (6 letters).
12. - The principle that all relevant financial information should be reported in financial statements (10 letters).
13. - The convention that allows ignoring minor expenses that would not significantly impact financial statements (11 letters).
14. - The principle that requires the same accounting methods to be used from period to period (11 letters).
15. Concern - The assumption that a business will continue to operate indefinitely (12 letters).
16. Value - The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (9 letters).
18. - The convention that accounting information should be supported by independent evidence (12 letters).
19. - The concept that revenue and expenses should be recognized when they are earned or incurred, not when cash is received or paid (7 letters).

1. - The concept that transactions should be recorded based on their economic reality, not just their legal form (9 letters).
2. - The principle that financial statements should be based on verifiable evidence (10 letters).
3. - Another term for the prudence convention, emphasizing caution in financial reporting (12 letters).
4. - The concept that revenue should only be recognized when it is earned and reasonably certain (11 letters).
6. - The idea that accounting practices should be consistent across all businesses within the same industry (9 letters).
7. - The principle that financial information must be applicable to the decision-making needs of the user (9 letters).
8. - The concept that expenses should be matched with the revenues they help to generate (8 letters).
9. - The convention that assets should be recorded at their original purchase price (4 letters).
10. Aspect - The principle that every financial transaction has equal and opposite effects on two different accounts (10 letters).
11. - The convention that financial statements should be prepared at regular intervals (11 letters).
17. - The convention that requires recognizing expenses and liabilities as soon as possible, but revenue only when it is assured (8 letters).