Across
- 2. applying a change as if it has always been applied
- 3. corrected if it is material to the entity
- 5. are procedures that a company uses to prepare financial statements
- 8. method which takes the net income generated in a period and adds or subtracts changes in the asset and liability accounts to determine the implied cash flow
- 10. process that involves collecting and managing cash flows from the operating, investing, and financing activities
- 12. occurs when money is withdrawn from a bank account and the available balance goes below zero
- 14. change in the carrying amount because of new discoveries and developments
Down
- 1. governs the preparation of statement of cash flows
- 2. change due to a misstatement or omission
- 4. integral part of financial statements
- 6. short term liquid investment
- 7. let you withdraw your money without advance notice, or with less than 7 days
- 9. applying the new accounting policy to transactions, other events and conditions occuring after the date it was changed.
- 11. it gives spirit to one of the enhancing qualitative characteristics provided by the New Conceptual Framework, comparability.
- 13. method which determines changes in cash receipts and payments,which are reported in the cash flow from the operations section