International Accounting (100% Correct Answers)

True correct answers This Standard prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the entity's financial statements of previous periods and with the financial statements of other entities. It sets out overall requirements for the pres...

According to IAS 1 Presentation of Financial Statements, what is the objective of financial statements? correct answers - To provide information about the financial position, performance and cash flows of an enterprise that is useful in making economic decisions - To show how effectively management...

Main Purpose of a Statement of Cash Flows correct answers To present information about the historical changes in cash and equivalents of an entity during a given period Cash and Cash Equivalents: Cash correct answers Defined as cash on hand and demand deposits, including overdrafts Cash and Ca...

What is the main objective of IAS 19? correct answers To prescribe the accounting and disclosure for employee benefits When does IAS 19 requires an entity to recognize a liability? correct answers When an employee has provided service in exchange for employee benefits. When does IAS 19 require...

Biopic correct answers Film based on the life of a public figure and dramatizes it Biofilm correct answers Film about the life of a public figure that is well researched and accurate Documentary correct answers Has an indexical relationship to reality that shows us what was once there in front...

What are the types of differences that exist between IFRS and U. S. GAAP? correct answers Definition Differences, Recognition differences, Measurement differences, alternatives, Lack of requirements or guidance, Presentation differences, Disclosure differences. Definition Differences: correct ans...

An__________ is characterized by a greater amount of planning, a longer period of time to conduct the activity, more financial backing to accomplish it, and the and the possible corruption of or collusion with insiders. correct answers Structured Threat A hacker whose activities are motivated by ...

international accounting standards committee IASC Foundation correct answers Was formed as a not-for-profit corporation incorporated in the state of delaware usa IASC Foundation correct answers It is the parent entity of the international accounting standards board and independent accounting stan...

Accounting is... correct answers the process of recording, analysing, summarising and communicating financial information. The objective of financial reporting is... correct answers To provide information about the reporting entity that is useful to existing and potential investors, lenders and o...