These types of contributions are recognized to the endowment fund.
What are endowment contributions?
100
This character believes that ogres are like onions.
Who is Shrek?
100
This should always be based on the users and not the audit risk.
What is materiality?
100
This GAAP principle states that a business will continue to operate until it no longer does.
What is the going concern concept?
100
Under ASPE, Collectability, Performance, and this other element are the 3 main revenue recognition criteria for goods.
What is Measurability?
200
These types of contributions are recognized to the general fund
What are unrestricted contributions?
200
Eddie Murphy voices this character.
Who is Donkey?
200
This is what RAMP stands for.
What is Risk, Approach, Materiality, and Procedures?
200
A public company is required to use this type of accounting framework.
What is IFRS (International Financial Reporting Standards)?
200
In order for an intangible asset to be recognized, future economic must flow to the entity and the company must be able to do this.
What is reliably measure costs?
300
These types of contributions are recognized in the fund that they relate to.
What are restricted funds?
300
This male character wears ladies underwear.
Who is Pinocchio?
300
This type of audit report/opinion is required in order for a company to go public.
What is an Unqualified Opinion?
300
An example if this type of transaction is one that occurs between a father and son.
What is a related party transaction?
300
This is the negative impact of a company's new product on the sales performance of its existing and related products.
What is Cannibalization?
400
Under the deferral method
these contributions are recognized when they are received
What are unrestricted contributions?
400
This feline is introduced for the first time in the second film.
Who is Puss in Boots?
400
You are required to register with this regulatory board when you go public.
What is the Canadian Public Accountability Board (CPAB)?
400
When you capitalize something that enhances services potential it is called this.
What is a betterment?
400
A Board of Director’s main purpose is this.
What is oversight of company operations?
500
Under the deferral method
these contributions are recognized
as direct increases to net assets
What are endowment contributions?
500
In the first instalment, this character wants to marry Princess Fiona so he can become King.
Who is Lord Farquad?
500
This type of audit report/opinion is given when material misstatements that are non-pervasive are found by the auditor and not corrected by management.
What is a Qualified Opinion?
500
Per ASPE 3064, when you capitalize development costs they are considered this on the Balance Sheet.
What is an Intangible Asset?
500
Under ASPE, performance for services is only achieved when these 3 things have occurred.
What is persuasive evidence of an arrangement exists, services have been rendered, and the price of the contract is fixed or determinable?