IFRS, GAAP & IAS Crossword Puzzle

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Across
  1. 1. What does IFRS bring to the table
  2. 5. A person or an entity that has delivered a product, service or load, and is owed money by 1 or more debtors
  3. 6. What is the second principle of IFRS
  4. 8. fill in the blanks, International Financial _________ Services
  5. 9. any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities is called ?
  6. 10. Net amount of cash and cash equivalents being transferred in and out of the company is called?
  7. 12. Reports that show good judgement and not to be wildly speculated
  8. 14. the amounts reported should relate to a single time period
  9. 15. What is the first principle of IFRS
  10. 16. ______ is a concept that defines why and how certain issues are important for a company or a business sector
  11. 17. Valuation of assets must be in an assumption that the business will continue
  12. 19. fill in the blanks, ________ accounting standards
Down
  1. 2. Fill in the blanks, generally ______ accounting principles
  2. 3. Guidelines that help companies how to record certain business transactions that are not yet been fully addressed
  3. 4. What is the third principle of GAAP
  4. 7. use of the methods of the same items is called ?
  5. 8. What principle aims to ensure that all transactions, events, and business activities presented in the financial statements is reliable?
  6. 11. the process of increasing the level of agreement in accounting standards and practices between countries
  7. 13. Relative ability of users to identify and understand similarities of, and difference between items is called?
  8. 18. ______ is a person or an entity that owes money to another