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 organization 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 ex changes.
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 organization 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 ex changes.
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 organization 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 ex changes.
N. International ﬁnancial reporting standards 
O. Canadian Institute of Chartered Accountants.

Match Each Deﬁnition with Its Related Term or Abbreviation by Entering