FAR CPA 2011 Word Scramble
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Question | Answer |
Relevance | a. Feedback Value b. Predictive value c. Timeliness |
Reliability | a. Representational faithfulness b. Verifiability c. Neutrality |
IFRS-Principal qualitative characteristic of financial statements | a. Understandability b. relevance c. reliability d. comparability |
Fundational recognition criteria | a. definition b. measurable c. relevant d. reliable |
Form 10-K | It is the annual report to the SEC. It is certified by an independent accountant and signed by principal executive, financial, and accounting officers and majority of the bod. |
Form 10-Q | It is the quarterly report to SEC. Interim financial information must be reviewed by an independent accountant. |
Form 8-K | It is a current report to disclose material events. It include: change in control, acqusition or disposition of a significant amount of assets, bankruptcy or receivership, resignation of directors, and a change in CPA. |
Created by:
mdoncouse
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