Quiz 01.112 – Emphasis of IFRS Conceptual Framework
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
What is the emphasis of the conceptual framework under IFRS?
What is the emphasis of the conceptual framework under IFRS?
Match each phrase with its corresponding terminology, monetary unit assumption, verifiability, etc…
Match each phrase with its corresponding terminology, historical cost, materiality, etc…
Match each phrase with its corresponding terminology, Financial Accounting Standards Board, Accounting Principle Board, etc…
Match each phrase with its corresponding terminology, expenses, equity, etc…
When a particular accounting standard does not apply, GAAP is indicated by the conceptual framework in the United States.
Match each phrase with its corresponding terminology, losses, assets, etc…
Match each organization with its corresponding description, SEC, FASB, etc…
Both the dollar amount and nature of an item can affect its materiality.
What are the four financial statements that are commonly provided to external users?