Financial Accounting Principles Quiz

Assessment of employee performance

Management of day-to-day financial operations

Analysis and reporting of financial transactions (correct)

Forecasting future financial trends

Customers, competitors, and employees

Business owners, banks, and employees (correct)

Stockholders, suppliers, and government agencies

Investors, marketing agencies, and shareholders

International Financial Reporting Standards (IFRS)

Generally Accepted Accounting Principles (GAAP) (correct)

International Accounting Standards Board (IASB)

Financial Accounting Standards Board (FASB)

<p>It states how particular types of transactions and events should be reported</p> Signup and view all the answers

<p>International Accounting Standards Board (IASB)</p> Signup and view all the answers