Financial Reporting Standards

Financial Reporting Standards

University

7 Qs

quiz-placeholder

Similar activities

Technical Specifications

Technical Specifications

University

10 Qs

KABANATA 21-28 NOLI ME TANGERE

KABANATA 21-28 NOLI ME TANGERE

9th Grade - University

10 Qs

Economics Basics

Economics Basics

11th Grade - University

10 Qs

Mendelian inheritance

Mendelian inheritance

University

10 Qs

DAA-UNIT III

DAA-UNIT III

University

10 Qs

Earnings Per Share

Earnings Per Share

University

10 Qs

JOB ORDER COSTING

JOB ORDER COSTING

University

10 Qs

Quiz on Auditor's Liability

Quiz on Auditor's Liability

University

10 Qs

Financial Reporting Standards

Financial Reporting Standards

Assessment

Quiz

Other

University

Hard

Created by

Angie Morales

Used 18+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who is responsible for establishing IFRS?

IFAC

IASB

IASC

IASCF

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the most notable specific difference between GAAP and IFRS?

Related to accounts payable treatment

Related to treatment of accounts receivable

Related to the treatment of inventories

Related to treatment of intangible assets

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A company has its transitional statements to start using IFRS as standard, what do they have to do?

Adjust transitional statements to all IFRS requirements and policies

Adjust transitional statements to all IFRS but not IAS, IFRIC or SIC

Adjust transitional statements to IFRS requirements

Adjust transitional statements to IFRS policies and some requirements

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following countries adapted the requirements of IFRS for SMEs?

Costa Rica

Peru

Brazil

Ecuador

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which part of the structure’s ISA is the explanation of the purpose and scope of the ISA?

Objectives

Definition

Introduction

Requirements

Application and other explanatory material

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

“Provides confidence on the information to users such as stakeholders, investors, private and public institutions” is a?

ISA´s Objective

ISA´s Definition

ISA´s Introduction

ISA´s Requirements

ISA´s Annexes

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What were the ISAs that were used in case 2 to decide the type of audit opinion to be issued by the auditing firm?

ISA 315 and 330

ISA 700 and 705

ISA 240 and 250

ISA 530 and 580