Description

also called a statement of financial position
probable future economic benefits obtained or controlled by an entity as a result of past transactions or events
probable future sacrifices of economic benefits arising from an entity’s present obligations to transfer assets or provide services to other entities in the future as a result of past transactions or events
The residual interest in an entity’s assets that remains after deducting its liabilities
how much an entity’s assets are financed from debt versus equity sources
measures for evaluating operating efficiency and profitability of an enterprise return on assets and return on common equity
measures how readily assets can be converted to cash relative to how soon liabilities will have to be paid in cash
a company’s ability to generate sufficient cash flows to maintain its productive capacity and still meet interest and principal payments on long-term debt
n entity’s ability to adjust to unexpected downturns in the economic environment in which it operates or to take advantage of profitable investments
types of assets that are fixed dollar amounts regardless of price changes
types of assets such as inventory and buildings are not fixed in dollar amounts
a type of income where the rules used to determine income for financial reporting purposes
type of income that frequently does not conform to the rules used to determine income for taxation purposes
deductions from asset accounts
shows the revenues collected in cash and the expenses paid in cash
a category of the statement of financial position should include assets and liabilities that management views as being related to the central purpose for which the entity is in business
a category that includes liabilities
interest that represents the ownership interest of a company’s shareholders in the consolidated subsidiarie
accounting method by which the operating section begins with net income and then presents all reasons why and amounts by which cash flow from operations differs from net income
accounting method by which the operating section of the cash flow statement presents cash transactions related to the determination of net income
occurs when a company enters into a transaction with individuals or other businesses that are connected with management or board of directors
explains the important accounting choices the reporting entity uses the account for selected transactions and accounts
a company balance sheet that presents each item as a percentage of total assets
revenues and expenses frequently reported in different periods for book purposes and tax purposes
discount rate on notes or bonds that causes the present value of debt’s cash flow stream to be equal to the load proceeds

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Basic Accounting

Crossword

Accounting #2

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Frequently Asked Questions

What is a crossword?

Crossword puzzles have been published in newspapers and other publications since 1873. They consist of a grid of squares where the player aims to write words both horizontally and vertically.

Next to the crossword will be a series of questions or clues, which relate to the various rows or lines of boxes in the crossword. The player reads the question or clue, and tries to find a word that answers the question in the same amount of letters as there are boxes in the related crossword row or line.

Some of the words will share letters, so will need to match up with each other. The words can vary in length and complexity, as can the clues.

Who is a crossword suitable for?

The fantastic thing about crosswords is, they are completely flexible for whatever age or reading level you need. You can use many words to create a complex crossword for adults, or just a couple of words for younger children.

Crosswords can use any word you like, big or small, so there are literally countless combinations that you can create for templates. It is easy to customise the template to the age or learning level of your students.

How do I create a crossword template?

For the easiest crossword templates, WordMint is the way to go!

Pre-made templates

For a quick and easy pre-made template, simply search through WordMint’s existing 500,000+ templates. With so many to choose from, you’re bound to find the right one for you!

Create your own from scratch

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How do I choose the clues for my crossword?

Once you’ve picked a theme, choose clues that match your students current difficulty level. For younger children, this may be as simple as a question of “What color is the sky?” with an answer of “blue”.

Are crosswords good for students?

Crosswords are a great exercise for students' problem solving and cognitive abilities. Not only do they need to solve a clue and think of the correct answer, but they also have to consider all of the other words in the crossword to make sure the words fit together.

Crosswords are great for building and using vocabulary.

If this is your first time using a crossword with your students, you could create a crossword FAQ template for them to give them the basic instructions.

Can I print my crossword template?

All of our templates can be exported into Microsoft Word to easily print, or you can save your work as a PDF to print for the entire class. Your puzzles get saved into your account for easy access and printing in the future, so you don’t need to worry about saving them at work or at home!

Can I create crosswords in other languages?

Crosswords are a fantastic resource for students learning a foreign language as they test their reading, comprehension and writing all at the same time. When learning a new language, this type of test using multiple different skills is great to solidify students' learning.

We have full support for crossword templates in languages such as Spanish, French and Japanese with diacritics including over 100,000 images, so you can create an entire crossword in your target language including all of the titles, and clues.