What is the main objective of the IASB?
A) To develop,in the public interest,a single set of high quality,understandable and enforceable global accounting standards that require high quality,transparent and comparable information in financial statements and other financial reporting to help participants in the world's capital markets and other users make economic decisions.
B) To promote the use and rigorous application of those standards.
C) To bring about convergence of national accounting standards and International Accounting Standards and International Financial Reporting Standards to high quality solutions.
D) All of these.
Correct Answer:
Verified
Q5: The profit and loss account in the
Q6: Which categories are used to classify liabilities?
A)
Q7: For the statement of financial position/balance sheet,the
Q8: An annual report includes:
A) A letter to
Q9: IAS 1 specifies that: 'an entity shall
Q11: Which of the following is not a
Q12: According to IAS 1,the purpose(s)of the notes
Q13: There are several different ways of presenting
Q14: Which of the following is a financial
Q15: The international standards now applicable are called
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