IFRS CROSSWORD

2. Operating segments
6. fixed assets are recorded at _ cost under the IFRS
7. Under IFRS interest received is reported as what type of cash flow
10. IFRS wad created to bring _ to accounting standards and practices, regardless of the company or the country.
12. Principle of _ accountant strives to provide an accurate and impartial depiction of a company’s financial situation.
16. IAS are based on the concept of _
17. The principle requires that financial statements be easy to read and easy to understand
19. Intangible Assets

1. a set of accounting standards that govern how particular types of transactions and events should be reported in financial statements.
3. GAAP is _ based approach
4. The convergence benefits the _ by increasing growth is it's international
5. IFRS is _ based approach
8. transactions are recorded on accrual basis
9. Under IFRS_ is not calculated on the total value of assets
11. IFRS is developed and maintained by?
13. GAAP may be contrasted with _ accounting
14. As per the Indian GAAP financial statements are prepared at?
15. Accounting standards are also known as?
18. First-time adoption of Indian Accounting Standards