AVCN KE TOAN (UNIT 1+2)

Official organizations which represent people of accountancy profession

This principle that a company should use the same accounting policies for reporting its financial statements.

The independent role of a/an ___________is important for reinforcing the credibility of a company.

Examining a person's or organization's accounts to make sure that they are true and honest

the documents that are produced for investors at the end of the accounting process

The government needs to restructure the tax system to collect more ___________

Some accountants often use ___________ to try and cheat the tax authority out of money due.

Who are users of external accounting information?

the place where companies can get extra funds by selling shares

Accounting ___________are all of the documents involved in preparing financial statements for a company.

___________can be most beneficial as a tool for management in budgeting and in setting up cost control programs.

the title of the manager with the greatest authority in the normal everyday management of a company

a statement showing the value of a business's assets, its liabilities

He managed to pay off his ___________ in two years.

An auditor examines financial statements to determine whether they ________ to generally accepted accounting principles.

a person or organisation chosen by the government to ensure that an industry or system operates

Preparing financial information in order to calculate the proportion of profit to pay to the government.

If the business does badly and cannot pay its debts, any ___________ can have it declared bankrupt.

Multinational corporations need to be aware of the local accounting ___________ of each country they operate in.

The auditors found a hole in the accounts and forced the company to ___________ its assets.