This bingo card has 16 words: Information which directly assists the user in making decisions., The QC that enables users to identify and understand similarities and differences between items., The ability to ensure that different knowledgeable and independent observers can reach a consensus that a particular depiction of an event is faithfully represented., Information is available to decision - makers in time to be capable of influence on decisions., Information reported is a representation of the real-world economic event it represents. This means that the user is assured the information presented is complete, free from material error and neutral (without bias), Financial information is comprehensible to users with reasonable knowledge of business and economic activities., The records of assets, liabilities and business activities of an entity are kept completely separate from those of the owner and other entities, Financial reports are prepared on the assumption that the existing entity will continue to operate into the future., Reports are prepared for a particular period of time in order to obtain comparability of results. Profit determination involves a process of recognising revenue and deducting expenses for a period., Revenue is recognised when it is earned, and expenses are recognised when they are incurred., Present economic resource controlled by the entity, as a result of past events, that has the potential to produce future economic benefits., Present obligation of the entity to transfer an economic resource, as a result of past events., The residual interest in the assets of the entity after deducting all its liabilities., Increases in assets or decreases in liabilities that result in an increase in OE other than contributions from the owner., Decreases in assets or increases in liabilities, that result in a decrease of OE, other than drawings by the owner. and Expected flow of economic resources to occur in the next 12 months.
Accounting Unit 2 | Accounting Terms | Chapter 1 accounting (definitions) | Unit 2 Microeconomics Vocabulary | Accounting & Financial Statements
Share this URL with your players:
For more control of your online game, create a clone of this card first.
Learn how to conduct a bingo game.
With players vying for a you'll have to call about __ items before someone wins. There's a __% chance that a lucky player would win after calling __ items.
Tip: If you want your game to last longer (on average), add more unique words/images to it.
