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Accounting Concepts - Review

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Across
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The accounting concept that assumes a company's financial transactions can be divided into separate entities, such as business and personal transactions.
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The global standard-setting body for accounting standards (Acronym)
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The concept in accounting that focuses on providing a true and reliable representation of financial information.
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This accounting principle requires financial information to be disclosed if it could influence the decisions of users, even if it may not have a significant impact on the financial statements.
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Accounting concept that assumes a company will continue its operations in the foreseeable future.
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This accounting principle suggests a cautious approach to recognizing and valuing assets and liabilities.
Down
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The principle that requires accountants to use the same accounting methods consistently over time.
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This principle in accounting requires financial statements to be prepared using a stable and widely accepted currency unit.
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The abbreviation for the board that sets accounting standards in Australia.
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The accounting concept that recognizes revenue and expenses when they are earned or incurred, regardless of when cash is received or paid.
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This concept in accounting assumes that a company's ongoing complex business operations and financial results can be divided into distinct time periods.