Financial Accounting Basics Quiz

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9 Questions

What is the standard framework of guidelines for financial accounting used in any given jurisdiction?

Generally Accepted Accounting Principles (GAAP)

Who are examples of stakeholders interested in financial accounting information?

Stockholders, suppliers, and government agencies

Which organization issues International Financial Reporting Standards (IFRS)?

International Accounting Standards Board (IASB)

What does financial accountancy involve?

Preparation of financial statements for public use

What has become more prevalent between global organizations with the widespread adoption of IFRS?

Consistency in financial reporting

अंतर्राष्ट्रीय वित्तीय प्रकटन मानक (IFRS) किसके द्वारा जारी किए जाते हैं?

अंतरराष्ट्रीय मानक बोर्ड (IASB)

मैनेजेरियल लेखा क्या प्रदान करता है?

प्रबंधकों को निर्णय लेने में सहायता

IFRS की प्रसार में क्या परिणाम हुआ है?

संस्थाओं के बीच वित्तीय प्रकटन में संरूपता

मुख्यत: Financial Accounting किसलिए प्रस्तुत किया जाता है?

संस्था के बाहर के लोगों के लिए लेखा सूचना

Test your knowledge of financial accounting with this quiz. Explore the fundamentals of preparing financial statements and summarizing and reporting financial transactions related to businesses.

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