IFRS Challenge Minigame

There are three parts in the final round of IFRS Challenge 2021 including......

• Debate Case, Group introduction clips, Basic knowledge of IFRS standards

• Debate Cases, Basic knowledge of IFRS standards, Selected-response test

• Debate Cases, Group’ introduction clips, Selected-response test

• Basic knowledge of IFRS standards, Selected response test, Q&A

Fill in the blanks with suitable words:

IFRSs provide a high quality, internationally recognised accounting standards that bring _, _, and _ to global financial markets.

• Transparency, accountability and efficiency

• Transparency, responsibility and effectively

• Comparability, responsibility and efficiency

• Comparability, accountability and effectively

When did Vietnam publish roadmap for adoption of IFRSs?

• 2019

• 2020

• 2021

• 2022

Which independent boards is responsible for setting IFRS?

• The IFRS Foundation

• International Accounting Standards Board

• IFRS Foundation Trustees

• IFRS Foundation Monitoring Board

How many countries that announce to adopt IFRSs to date?

• 164

• 165

• 166

• 167

When was ICAEW founded?

• 1980

• 1990

• 1880

• 1890

Answer explanation

ICAEW founded in the UK in 1880.

Where is ICAEW headquarter?

• Manchester, UK

• London, UK

• Birmingham, UK

• Liverpool, UK

Answer explanation

ICAEW is a world leading professional membership organisation headquartered in London with offices internationally including Indonesia, Malaysia, Singapore, and Vietnam.

IFRS Challenge 2021 consists of 3 rounds?

• True

• False

Answer explanation

IFRS Challenge 2021 consists of 2 rounds including: Testing - Round and Final Round