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3
|
Revenues reported on income statement when earned rather than received and expenses reported as incurred rather than paid
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5
|
Cash and other assets that will turn to cash within one year of the balance sheet date
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7
|
The ability to pay short-term obligations
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9
|
Everything ASA owes to others such as employees, creditors, and clubs, and reported on the Statement of Financial Position
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10
|
Allocating the cost of a long lived asset over its useful life to the Statement of Financial Performance
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11
|
Assumption that ASA has the resources to keep operating for the foreseeable future
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14
|
Statement reporting ASA's financial position at a point in time
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15
|
ASA's Total Assets less Total Liabilities
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1
|
Someone you owe money to
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2
|
Also known as Statement of Financial Performance
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3
|
Money owed to ASA
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4
|
Goods and Services Tax
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|
6
|
Everything ASA owns such as cash, inventory, buildings, equipment and vehicles
|
|
8
|
Heading of profit and loss indicates the _ of time covered by the statement
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12
|
Information presented with financial statements giving additional detail on the 'number' given in the accounts
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13
|
The bottom line of the Statement of Financial Performance
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|
|
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