Matching
Match each term or abbreviation with its definition
Premises:
OSC
CICA
AcSB
CA
IFRS
Responses:
A system that collects and processes financial information about an organization and reports thatinformation to decision makers.
Measurement of information about an entity in the monetary unit-dollars or other national currency.
An unincorporated business owned by two or more persons.
The organization for which financial data are to be collected (separate and distinct from its owners).
An incorporated entity that issues shares as evidence of ownership.
Initial recording of financial statement elements at acquisition cost.
An examination of the financial reports to assure that they represent what they claim and conform with international financial reporting standards.
Chartered Accountant.
An unincorporated business owned by one person.
A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
Ontario Securities Commission.
Accounting Standards Board.
Company that can be bought and sold by investors on established stock exchanges.
International financial reporting standards
Canadian Institute of Chartered Accountants.
Correct Answer:
Premises:
Responses:
A system that collects and processes financial information about an organization and reports thatinformation to decision makers.
Measurement of information about an entity in the monetary unit-dollars or other national currency.
An unincorporated business owned by two or more persons.
The organization for which financial data are to be collected (separate and distinct from its owners).
An incorporated entity that issues shares as evidence of ownership.
Initial recording of financial statement elements at acquisition cost.
An examination of the financial reports to assure that they represent what they claim and conform with international financial reporting standards.
Chartered Accountant.
An unincorporated business owned by one person.
A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
Ontario Securities Commission.
Accounting Standards Board.
Company that can be bought and sold by investors on established stock exchanges.
International financial reporting standards
Canadian Institute of Chartered Accountants.
Premises:
A system that collects and processes financial information about an organization and reports thatinformation to decision makers.
Measurement of information about an entity in the monetary unit-dollars or other national currency.
An unincorporated business owned by two or more persons.
The organization for which financial data are to be collected (separate and distinct from its owners).
An incorporated entity that issues shares as evidence of ownership.
Initial recording of financial statement elements at acquisition cost.
An examination of the financial reports to assure that they represent what they claim and conform with international financial reporting standards.
Chartered Accountant.
An unincorporated business owned by one person.
A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
Ontario Securities Commission.
Accounting Standards Board.
Company that can be bought and sold by investors on established stock exchanges.
International financial reporting standards
Canadian Institute of Chartered Accountants.
Responses:
Related Questions
Q125: Lopez Corporation began operations at the start
Q126: Baseline Corporation was formed two years ago,
Q127: Plants Supreme, Inc., a small retail store
Q128: Lloyd Company ends the first year of
Q129: The following data was taken from
Q130: Delft Corporation was established on December 31,
Q131: During 20X2, Wilmont Company performed services for
Q132: Calculate the missing amount in each category
Q133: Fulton Company was established on January 1,
Q134: For Baggerly Fashions, the following information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents