Criss Cross Puzzle
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Page 1 of 2
Financial Accounting Terms
Across
13. Rules of accounting created by the International Accounting Standards Board
Down
1. Reports that way that net income and the distribution of dividends affected the financial position of the company during the accounting period
2. The rules used to calculate and report information in the financial statements
3. Set of laws established to strengthen corporate reporting in the United States.
4. Reports that summarize the financial results of business activities
5. A standardized format that organizations use to accumulate the dollar effects of transactions on each financial statement item
6. Reports the amount of assets, liabilities, and stockholders’ equity of an accounting entity at a point in time.
7. Assets are equal to liabilities plus stockholders’ equity
8. States that business transactions are separate from and should exclude the personal transactions of the owners
9. A system of analyzing, recording, and summarizing the results of a business’s activities
10. States that accounting information should be measured and reported in the national monetary unit
11. Reports inflows and outflows of cash during the accounting period in the categories of operating, investing, and financing.
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Tuesday, December 27, 2011
12/27/2011
Criss Cross Puzzle
Page 2 of 2
Page 2 of 2
12. Reports that revenues less the expenses of the accounting period
13 of 13 words were placed into the puzzle.
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Tuesday, December 27, 2011
12/27/2011