The Financial Accounting and Reporting section of the exam tests the candidates' knowledge and understanding of the financial reporting framework.This includes standards issued by
A)the Financial Accounting Standards Board
B)the National Accounting Standards Board
C)the Cost Accounting Standards Board
D)the U.S.Securities and Examination Commission
E)the Governmental Accounting Standards Board
F)both A and E
G)both B and C
H)both D and E

Question

Quizplus · Accepted Answer

The Financial Accounting and Reporting section of the exam tests the candidates' knowledge and understanding of the financial reporting framework which includes standards issued by the Financial Accounting Standards Board and the Governmental Accounting Standards Board. Therefore, the correct choices are A and E, which are both included in option F. The other options, B, C, and D, are not relevant to financial reporting standards.

The Financial Accounting and Reporting Section of the Exam Tests