Which of the following statements is TRUE?
A) International Financial Reporting Standards are now adopted by every country in the world
B) All companies quoted on all exchanges in the world have to prepare their accounts using IFRS
C) The UK is still harmonising its accounting standards with IFRS.
D) The US are in charge of the IASB
Correct Answer:
Verified
Q1: The international accounting standards are called:
A) IAS
Q3: Which of the following bodies advises the
Q4: The Role of the IFRC is to:
A)
Q5: IAS 10 deals with:
A) The presentation of
Q6: IAS 37 deals with:
A) The accounting for
Q7: Which of the following issues international accounting
Q8: When setting accounting standards DP stands for:
A)
Q9: When setting accounting standards ED stands for:
A)
Q10: Which of the following depicts the correct
Q11: IFRS 3 deals with:
A) Non-current assets held
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