ensuring reliable financial reporting.

effective and efficient operations.

compliance with relevant laws and regulations.

computerized systems of accounting.

customers

management

Canada Revenue Agency

creditors

liabilities on the statement of financial position.

assets on the statement of financial position.

revenues on the statement of income.

expenses on the statement of income.

that information costs more than budget.

the value of information provided is less than the cost of providing it.

that information costs less than budget.

the value of information provided is greater than the cost of providing it.

electronic payment by a customer on account

bank service charges

deposits in transit

outstanding cheques

increases a company's liabilities.

reduces a company's liabilities.

is not required in the future if prepaid costs are initially recorded as an asset.

is required to recognize costs that expire with time.

depreciation expense

increase in accounts payable

decrease in prepaid expenses

increase in accounts receivable

makes it more difficult to compare different companies.

is a technique for evaluating a series of financial statement data over a period of time to determine the increase (decrease) that has taken place.

expresses each item in a financial statement as a percent of a base amount.

is also called trend analysis.

equities.

expenses.

liabilities.

assets.

Intercompany comparisons cover two or more periods for the same company, while intracompany comparisons are based on comparisons to average ratios for the industry that a company operates in.

Intracompany comparisons are based on comparisons to average ratios for the industry that a company operates in, while intercompany comparisons are based on comparisons with a competitor in the same industry.

Intracompany comparisons are based on comparisons with a competitor in the same industry, while intercompany comparisons cover two or more periods for the same company.

Intercompany comparisons are based on comparisons with a competitor in the same industry, while intracompany comparisons cover two or more periods for the same company.