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