Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
15
×
What's standard? recognizing expenses immediately, and not recognizing income until it is reasonably certain
The prudence principle
The going concern principle
The consistency principle
The matching principle
Oops!
Show
Check
Okay!
Check
15
×
The way that most people do something.
Accepted practice
Oops!
Check
Okay!
Check
15
×
IFRS
International Financial Reporting Standards
Oops!
Check
Okay!
Check
15
×
The rules and regulations which state how accountants operate in a particular place.
Local accounting standards
Oops!
Check
Okay!
Check
15
×
What's standard? Items are recorded when the income and expense arises, not depend on movement of cash.
The consistency principle
The prudence principle
The matching principle
The going concern principle
Oops!
Show
Check
Okay!
Check
15
×
IAS
International Accounting Standards
Oops!
Check
Okay!
Check
15
×
What's standard? Accounts should be produced using the same principles from one year to the next year
The going concern principle
The matching principle
The prudence principle
The consistency principle
Oops!
Show
Check
Okay!
Check
15
×
IASC
International Accounting Standards Committee
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
×
heart
Other team wins 20 points!
Oops!
×
rocket
Go to first place!
Okay!
×
rocket
Go to first place!
Okay!
×
banana
Go to last place!
Oops!
15
×
A firm that sells its share to anyone who wants to buy them.
Publicly-traded company
Oops!
Check
Okay!
Check
15
×
What's standard? When preparing accounts, one must assume that the company will still be viable in the years to come
The prudence principle
The matching principle
The consistency principle
The going concern principle
Oops!
Show
Check
Okay!
Check
15
×
For example, Australia, the U.K, the U.S.A
English-speaking country
Oops!
Check
Okay!
Check
15
×
GAAP
Generally Accepted Accounting Principle
Oops!
Check
Okay!
Check
15
×
People or groups who are not involved with the company
Outside parties
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
thief
Give points!
5
10
15
20
25
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies