Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided.
Term or Abbreviation Definition
A. A system that collects and processes financial information about an organizatio and reports that information to decision makers.
B. Measurement of information about an entity in the monetary unit-dollars or other national currency.
C. An unincorporated business owned by two or more persons.
D. The organization for which financial data are to be collected (separate and distinct from its owners).
E. An incorporated entity that issues shares as evidence of ownership.
F. Initial recording of financial statement elements at acquisition cost.
G. An examination of the financial reports to assure that they represent what they
claim and conform with international financial reporting standards.
H. Chartered Accountant.
I. An unincorporated business owned by one person.
J. A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
K. Ontario Securities Commission.
L. Accounting Standards Board.
M. Company that can be bought and sold by investors on established stock exchanges.
N. International financial reporting standards
O. Canadian Institute of Chartered Accountants.

Question

Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided.
  Term or Abbreviation Definition
A. A system that collects and processes financial information about an organizatio and reports that information to decision makers.
B. Measurement of information about an entity in the monetary unit-dollars or other national currency.
C. An unincorporated business owned by two or more persons.
D. The organization for which financial data are to be collected (separate and distinct from its owners).
E. An incorporated entity that issues shares as evidence of ownership.
F. Initial recording of financial statement elements at acquisition cost.
G. An examination of the financial reports to assure that they represent what they
claim and conform with international financial reporting standards.
  H. Chartered Accountant.
I. An unincorporated business owned by one person.
J. A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
K. Ontario Securities Commission.
L. Accounting Standards Board.
M. Company that can be bought and sold by investors on established stock exchanges.
N. International financial reporting standards
O. Canadian Institute of Chartered Accountants.

Quizplus · Accepted Answer

The Answer of Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided.
  Term or Abbreviation Definition
A. A system that collects and processes financial information about an organizatio and reports that information to decision makers.
B. Measurement of information about an entity in the monetary unit-dollars or other national currency.
C. An unincorporated business owned by two or more persons.
D. The organization for which financial data are to be collected (separate and distinct from its owners).
E. An incorporated entity that issues shares as evidence of ownership.
F. Initial recording of financial statement elements at acquisition cost.
G. An examination of the financial reports to assure that they represent what they
claim and conform with international financial reporting standards.
  H. Chartered Accountant.
I. An unincorporated business owned by one person.
J. A report that describes the auditors' opinion of the fairness of the financial statement presentations and the evidence gathered to support that opinion.
K. Ontario Securities Commission.
L. Accounting Standards Board.
M. Company that can be bought and sold by investors on established stock exchanges.
N. International financial reporting standards
O. Canadian Institute of Chartered Accountants.

Match Each Definition with Its Related Term or Abbreviation by Entering