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Financial Accounting - MBAs 2024 test Revision Questions and 100% Accurate Answers
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Financial Accounting - MBAs 2024 test Revision Questions and 100% Accurate Answers
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Financial Accounting - MBAs 2024 testRevision Questions and 100% Accurate
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Sammy Sylvan
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, Financial Accounting - MBAs 2024 test
Revision Questions and 100% Accurate
Answers
InstituteofManagementAccountants - answer internal reporting process of managerial
accounting as applied to financial accounting
MNE multinationsal enterprise - answer internal standards on reports
OECD Org. for Economic Cooperation & Development - answer issued code of conduct
for MNE's w guidelines and exposures
IASC International Accounting Standards Committie - answer most imrnt pro acctng org.
in world - develop and issue reporting standard 1 promulgate standards 2 persuade
countries 3 work w those countries
IOSCO Intl. Org. Securities Commisions & similar organizations - answer ease
requirements for multinational securities offerings achieve just & efficient market
exchange info. unite to establish standards provide assistance
IFAC Intnl federation of Accountants - answer encourage consistency and
professionalism. Management acctg, auditing, ethics, education
USA FASB Financial Acctng Standards Board - answer authoritative body - info needs
of external users. must be clear and understandable to those with reasonable
competance
GAAP Generally Accepted - answer principles set and overseen by the FASB and SEC
Economic Entity - answer one firm,one set of books. do not have to correspond to legal
entities; however a degree of ownership must exist before claiming financial results of
another enterprise as its own
going concern - answer firm has a value beyond liquidation of assets
monetary unit - answer financial transactions are denominated in a stable unit of
measure
accounting periods - answer results of operations for an entity must be reported on a
periodic basis (yearly)
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