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Financial Accounting Theory

Business

Quiz 3 :

International Accounting

Quiz 3 :

International Accounting

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What is the name given to the agreement between the FASB and IASC to harmonize accounting standards?
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Answer:

A

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Companies that use IFRS:
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Answer:

A

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How does the IASC enforce its standards?
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Answer:

B

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Under IFRS
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Which of the following is not an environmental factor that could impact on the development of a country's accounting system?
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Which of the following is seen as a pervasive difference between IASB's and FASB's Conceptual Frameworks?
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Which of the following is not one of the characteristics discussed in Chapter 2 - Qualitative Characteristics of Useful Financial Information of the IASB's Framework for the Preparation of Financial Statements?
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How many member serve on the Accounting Standards Advisory Forum?
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Under the IASB's conceptual framework, a decrease in economic benefit that results in a decrease in equity is termed as a(an):
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Which of the following is not an effect of the IFRS for SMEs?
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Which of the following is not an element of financial statements contained in the IASB's Framework for the Preparation of Financial Statements?
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How many trustees serve on the IFRS Foundation?
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How many members serve on the IASB?
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What is the title of the form that foreign companies have used to reconcile their financial statements to U. S. GAAP?
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Which of the following bodies has the responsibility to issue international financial reporting standards (IFRS)?
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Which of the following concepts is contained in the FASB's conceptual framework but not in the IASC's
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What is the current acronym for the body most responsible for issuing international accounting standards?
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Which of the following is an element of financial statements under the IASB's conceptual framework?
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Which of the following statements is true regarding the conceptual frameworks developed by FASB and IASB?
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Which of the following is not a use of international accounting standards?
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