Technical Accounting
This IFRS standard provides guidance on the
recognition, measurement, and disclosure of revenue arising from
contracts with customers.
What is IFRS 15?
100 Points: This Canadian artist is known for hits like
"Blinding Lights" and "Starboy," often performing as his alter ego,
The Weeknd.
Who is Abel Tesfaye?
This document, signed in 1776, announced the
separation of the thirteen American colonies from Great Britain.
What is the Declaration of Independence?
This Disney-Pixar film features a clownfish named
Marlin searching the ocean for his lost son, Nemo.
What is Finding Nemo?
EPCOR's headquarters is specifically located in the
Rossdale area of Edmonton, situated near this historic river, which
is a primary water source.
What is the North Saskatchewan River?
Under IAS 16, Property, Plant and Equipment, an
entity can choose between the cost model and this other model for
subsequent measurement of its assets
What is the revaluation model?
This popular social media platform is known for
short-form video content and viral dance challenges.
What is TikTok?
Located in Egypt, this ancient structure is the
largest of the Giza pyramids and served as a tomb for a pharaoh.
What is the Great Pyramid of Giza?
This animated Disney classic tells the story of a
young lion cub named Simba, who is destined to rule the Pride Lands.
What is The Lion King?
While EPCOR provides water and electricity, it also
manages infrastructure for this third utility that typically handles
stormwater and used water collection.
What is wastewater (or drainage/sewer services)?
IFRS 13 defines this as the price that would be
received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date
What is fair value?
This actor, known for his roles as Iron Man in the
Marvel Cinematic Universe, also starred in the 2020 film "Dolittle.
Who is Robert Downey Jr.?
This Canadian ran over 5,000 kilometers in his
"Marathon of Hope" to raise money for cancer research, despite
having lost a leg to the disease.
Who is Terry Fox?
This 2019 South Korean film, directed by Bong
Joon-ho, won the Academy Award for Best Picture, telling a story
of two families, one wealthy and one poor.
What is Parasite?
After preliminary screening, the raw water at
EPCOR's treatment plants undergoes a process where chemicals like
alum are added to cause small particles to clump together into
larger, heavier "floc," which then settles out. This process is
known by these two terms.
What are coagulation and flocculation?
When recognizing revenue under IFRS 15, an entity
first identifies the contract with a customer and then moves on to
identifying these distinct promises within that contract.
What are performance obligations?
This internet meme, popularized in the early
2010s, features a dog of the Shiba Inu breed surrounded by
colorful text expressing its internal monologue in broken English.
What is "Doge"?
The critical guidance system for the Apollo 11
mission, known as the Apollo Guidance Computer, was developed at
this university's Instrumentation Laboratory, led by Margaret Hamilton.
What is MIT (Massachusetts Institute of Technology)?
This 1982 Ridley Scott sci-fi film, starring
Harrison Ford, is a neo-noir masterpiece set in a dystopian Los
Angeles and is highly influential for its visual style and
philosophical themes.
What is Blade Runner?
Beyond primary disinfection, EPCOR employs a
secondary disinfection process using this chemical, which has a more
stable residual that persists throughout the distribution system.
What is chloramine (or combined chlorine)?
IAS 38, Intangible Assets, requires an entity to
expense research costs, but may capitalize development costs if these
specific criteria are met, demonstrating the project's viability.
What are the six capitalization criteria for development costs?
Taylor Swift's "Midnights" album includes a bonus
track, "You're On Your Own, Kid," which features this uncredited
artist on background vocals, also a frequent collaborator with her
producer Jack Antonoff.
Who is Lana Del Rey?
This Roman general and statesman played a pivotal
role in the demise of the Roman Republic and the rise of the Roman
Empire, famously crossing the Rubicon.
Who is Julius Caesar?
Directed by Alfred Hitchcock, this 1958 psychological
thriller starring James Stewart and Kim Novak is famed for its use
of the "vertigo effect" and its intricate plot exploring obsession
and identity.
What is Vertigo?
In its wastewater treatment, EPCOR employs a
multi-stage process to meet stringent environmental regulations.
Beyond primary and secondary treatment, they utilize tertiary
treatment often involving the removal of these two nutrient elements,
which can contribute to eutrophication in waterways.
What are nitrogen and phosphorus?