Match the Term and the Explanation

question 67

Short Answer

Match the term and the explanation.More explanations are provided than terms.
_____ Time series analysis.
_____ Qualified.
_____ Loan covenant.
_____ Debt-to-assets ratio.
_____ MD&A.
_____ Valuation role.
A.Total liabilities divided by total assets.
B.An audit performed by a chartered accountant.
C.A detailed managerial discussion of a company's performance that appears in the annual report.
D.Compares a company's performance in one time period relative to prior periods.
E.A company's current event report to the Securities Commission.
F.Means that data are complete and up-to-date.
G.An audit opinion in which the auditors cannot say that GAAP was followed.
H.When accounting information is used by potential investors to estimate the worth of a company.
I.Total loans divided by total assets.
J.Compares a company's performance in one time period to the industry during the same time period.
K.A company's annual report to a Securities Commission.
L.When the Canada Revenue Agency accepts the income tax filing of a company.
M.A business reason why managers might be tempted to misstate a company's true performance.

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Definitions:

Coupons

Debt instruments offering interests or discounts issued by companies to raise capital, or vouchers offering discounts on goods and services.

Redeemed

Refers to the buyback or repayment of a security such as a bond at its maturity date.

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance or the additional amount above the par value for securities.

IFRS Accounting

The practice of maintaining financial records and reporting financial results in accordance with the International Financial Reporting Standards.