(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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Present obligation
of the entity
to transfer an economic resource,
as a result of
past events.
Increases in assets or decreases
in liabilities that result
in an increase in OE other than
contributions from the owner.
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.
Decreases in assets
or increases
in liabilities,
that result in a decrease
of OE, other than
drawings by the owner.
The residual interest
in the assets of
the entity after deducting all its liabilities.
Financial information
is comprehensible to
users with reasonable knowledge of
business and
economic activities.
Present economic
resource controlled
by the entity,
as a result of
past events,
that has the
potential to produce
future economic benefits.
Financial reports
are prepared on the assumption that the existing entity will continue to operate into the future.
Revenue is recognised
when it is earned, and expenses are
recognised when they are incurred.
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)
Expected flow of economic resources to occur
in the next 12 months
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.
The QC that enables users to identify and understand similarities and differences between items.
The records of assets, liabilities and business activities of an entity are kept completely separate from those of
the owner and other entities
Information which directly
assists the user in making decisions.
