Its Accrual world.........

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Across
  1. 4. A not-for-profit organization does not have these.
  2. 6. A type of temporary restriction.
  3. 8. Gifts other than cash are referred to as gifts in
  4. 9. An entry to the right-side of an account (Crash on the right).
  5. 14. A total list of all debits and credits, used as a blueprint for the accounts is the trial _________.
  6. 16. Through the SORP, the University has increased the value of its tangible fixed assets by more than £700 million through one off ________ .
  7. 17. Statement of ________ Income - the new name for the I&E
  8. 18. An entry to the left-side of an account (Drive on the left).
  9. 19. The common name for an asset where the interest may be spent, but not the principal.
  10. 21. Other Comprehensive Income now shows items of income and expense which are '______ the line'.
  11. 23. Under the new SORP we now have to recognise a USS pension _________.
  12. 26. ________ RELATED CONDITIONS…..have to apply before income can generally be deferred
  13. 27. Profits remaining after subtracting for operating expenses, taxes and interest.
  14. 28. A listing of all of the accounts available in the general ledger is a __________ of accounts
Down
  1. 1. This component of Property, Plant & Equipment is not depreciated.
  2. 2. The balance sheet classification that reports the PENSION obligations of the company
  3. 3. PRESENT VALUE How Santa's accountant values his sleigh
  4. 5. The 'books' of the company that contains all of the accounts is the _______________ ledger.
  5. 7. Due to the new SORP out accounts will be subject to greater ________ .
  6. 10. ENTRY Twice as nice-the way journal entries are made in the accounts.
  7. 11. The way the cost of an asset is expensed over its useful life.
  8. 12. The accrual basis of accounting is more effective than the cash basis in reporting the ________________ of a business.
  9. 13. The statement of ________ flows may be prepared under the direct or indirect method
  10. 15. When a temporary restriction has been satisfied, this classification of net assets will increase.
  11. 20. An accounting principle that states that financial reports only need to include information that will be significant to their users.
  12. 22. Some people refer to the income statement as the profit and ______ statement.
  13. 24. Gifts other than cash are to be recorded at their _________ value on the date of the gift.
  14. 25. These are an integral part of a not for profit entity's financial statements.