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Companies terminology

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Companies terminology

Unscramble Letters

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About this activity

Test your knowledge of business language with this fun unscramble game!

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Australia

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Companies terminology
 

Unscramble Letters

Companies terminologyOnline version

Test your knowledge of business language with this fun unscramble game!

by David
1

Six of these on the syllabus

2

Lack of personal responsibility for the debts of the company

  
  
3

Large proprietary companies and public listed companies are a separate

  
  
4

rules and principles that define how financial information should be recorded, measured, and presented in financial statements

  
  
5

One of the main purposes to follow accounting standards.

     
  
  
6

The foundational document that outlines the objectives, qualitative characteristics, and fundamental concepts of financial reporting.

  
  
7

A ____________ ____________ is required to, or chooses, to prepare financial statements

  
  
8

a fundamental qualitative characteristic

  
  
9

a fundamental qualitative characteristic

  
  
10

an enhancing qualitative characteristic

11

location to enter a transaction

     
  
  
12

a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves

13

a portion of a company's profits that is set aside and retained within the company, not distributed to shareholders as dividends

  
  
14

the legal authority granted to them by law and the company's constitution to manage the company's affairs and make decisions on its behalf

     
  
  
15

a legally binding set of rules outlining how your organisation should operate

  
  
16

a default set of rules within the Corporations Act 2001 that govern a company's internal management if it doesn't have a constitution

  
  
17

a formal legal document required by regulators before a company can offer securities (like stocks or bonds) to the public

18

the right to vote on key issues, access financial records, participate in shareholder meetings, and transfer their shares.

     
  
  
19

an examination of a company's financial statements and internal controls conducted by a third-party, independently

  
  
20

an Australian Government agency responsible for developing and issuing accounting standards.

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