Question

Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.
a. Companies must follow IFRS or ASPE in their _______ systems.
b. Financial accounting develops reports for external parties such as _______ and _______.
c. When managers evaluate the company’s performance compared to the plan, they are performing the _______ role of management.
d. _______ are decision makers inside a company.
e. _______ provides information on a company’s past performance to external parties.
f. _______ systems are not restricted by IFRS or ASPE but are chosen by comparing the costs versus the benefits of the system.
g. Choosing goals and the means to achieve them is the _______ function of management.
h. _______ systems report on various segments or business units of the company.
i. _______ statements of public companies are audited annually by public accountants.


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  • CreatedApril 30, 2015
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