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| The primary focus of financial accounting is on the financial information provided by ___ companies to their present and potential ___ and ___. |
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| profit-oriented; investors; creditors |
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| The primary means of conveying financial information to investors, creditors, and other external users is through___ and related ___. |
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| financial statements; disclosure notes |
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| The ___ and ___ or ___ of that return are key variables in the investment decision. |
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| Even though predicting future cash flows is an important objective, the model best able to achieve that objective is the ___ model. |
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| The difference between revenues and expenses is ___. |
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| ___ is the dynamic set of broad and specific guidelines that companies should follow when measuring and reporting the information in their financial statements and related notes. |
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| In the 1934 act, Congress gave the ___ both the power and responsibility for setting accounting and reporting standards for companies whose securities are publicly traded. |
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| The ___ is the current private sector standard-setting body. |
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| The FASB's dilemma is to balance ___ considerations and ___ considerations resulting from perceived possible adverse economic consequences. |
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| One objective of the International Accounting Standards Board is to bring in convergence of ___ standards and ___ standards. |
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| ___ serve as independent interme |
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