Financial Accounting Standards Board has the responsibility for
setting accounting and financial reporting standards for ( )
A: All federal and state
organizations.
B: All not-for-profit
organizations that are nongovernmental and business entities.
C: All not-for-profit organizations.
D: Both B) and C) are correct.
举一反三
- The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all governmental and not-for-profit organizations.
- Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards A: Financial Service Authority (FSA). B: Securities and Exchange Commission (SEC). C: International Accounting Standards Board (IASB).
- Which of the following factors increase the credibility of accounting<br/>communication?() A: Accounting standards and auditing B: Monitoring by financial analysts C: Management reputation D: All of the above
- Professional organizations of accountants and auditors that establish financial reporting standards are called :（） A: Regulatory authorities. B: Financial services authorities. C: Standard setting bodies.
- Although accounting has several specific uses, the overall purpose of accounting can be summarized as A: to provide financial information that is useful to decision makers. B: to meet the legal requirements of the Financial Accounting Standards Board (FASB). C: to allow the government to track business activity levels. D: to compute the profit or loss and declared dividend of a business firm.
内容
- 0
Who issues International Financial Reporting Standards? A: The IFRS Advisory Committee B: The stock exchange C: The International Accounting Standards Board D: The government
- 1
Generally<br/>speaking, accounting have two different types: one is financial<br/>accounting and the other is ( ). A: taxable<br/>accounting B: cost accounting C: management<br/>accounting D: business accounting
- 2
Management accounting<br/>systems are designed to assist organizations in the performance of<br/>all of the following functions except: ( ) A: The assignment of decision-making authority over company assets. B: Planning and decision-making. C: Monitoring, evaluating and rewarding performance. D: The preparation of income tax returns.
- 3
General<br/>Stanley McChristal Former Deputy Chairman of the Joint Chiefs of<br/>Staff (U.S.) said that: A: Terror<br/>and guerrilla organizations tend not to take the lives of their<br/>activists into account. B: Terror<br/>and guerrilla organizations tend not to take the lives of the<br/>population they fight for into account. C: Terror<br/>and guerrilla organizations tend not to take the lives of their<br/>enemy into account. D: All answers are ture.
- 4
Economic profit() A: will never exceed<br/>accounting profit. B: is most often equal<br/>to accounting profit. C: is always at least<br/>as large as accounting profit. D: is a less complete<br/>measure of profitability than accounting profit.