Instructions
Contents
- Instructions
- Isudrnty Ipcrtceas Irnncttaso
- Industry Practices Constraint
- Nrppeicli of Vsoiesnatmcr
- Principle of Conservatism
- Vyjcbotiite Niperlcpi
- Objectivity Principle
- Cynocsntesi Pieicrpnl
- Consistency Principle
- Lcarneeve
- Relevance
- Irieyiatlbl
- Reliability
- Royilcbmpatai
- Comparability
- Tinsescnocy
- Consistency
- Iavaequtlit Aicstestirccrha
- Qualitative Characteristics
- Inggo Ennocrc
- Going Concern
Hover over the scrambled word with your mouse to show the unscrambled answer.
1. The constraint that states that some industries can depart from of traditional accounting theory.
Isudrnty Ipcrtceas Irnncttaso
Industry Practices Constraint
2. Principle that states estimates should always be made as modestly as possible.
Nrppeicli of Vsoiesnatmcr
Principle of Conservatism
3. Financial reporting should always be free from bias according to the:
Vyjcbotiite Niperlcpi
Objectivity Principle
4. Companies should use the same accounting treatment for similar events and transactions over time according to the:
Cynocsntesi Pieicrpnl
Consistency Principle
5. The usefulness of financial information to users during the decision making process.
Lcarneeve
Relevance
6. Whether financial information can be verified and used consistently by investors and creditors with the same results.
Irieyiatlbl
Reliability
7. A quality of accounting information that addresses the usability of financial information.
Royilcbmpatai
Comparability
8. A quality that refers to the principle that companies should use the same accounting methods to record similar transactions over time.
Tinsescnocy
Consistency
9. Traits of financial accounting information.
Iavaequtlit Aicstestirccrha
Qualitative Characteristics
10. Companies should be accounted for as if they will continue in the future according to the:
Inggo Ennocrc
Going Concern
of accounting principles with these quizzes.
Accounting & CPA Exam Expert
Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career.
