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Crossword Puzzle
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Standards and Structures Crossword

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Standards and Structures Crossword
 

Crossword Puzzle

Standards and Structures CrosswordOnline version

Key terms on accounting standards approaches

by Leo
1

Is the organization that creates and updates GAAP rules in the United States.

2

Is a set of strict accounting rules. It's the best example of a rules-based approach.

3

It's a method that follows clear, predefined rules, rather than relying on subjective judgment or individual discretion.

4

Uniformity means that the same rules are applied consistently across many entities or situations, achieving comparability and coherence throughout the system

5

It's a method that sets broad objectives and general principles instead of specific rules. It leaves room for professional judgment, adapting to different situations without needing rules for every case.

6

Are authorized organizations or entities that create, oversee, and enforce the rules and principles within a specific system or industry.

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