Professional Documents
Culture Documents
https://testbankfan.com/download/international-financial-reporting-standards-an-introd
uction-3rd-edition-needles-test-bank/
Test Bank
CHAPTER 1:
A. The IASB and staff set an agenda of possible issues to be addressed by IFRS.
C. After considering all comments and additional proposals to its DP, the board may
issue an exposure draft (ED)
D. IASB may publish a final IFRS to be considered for adoption in the various
jurisdictions
A. Japan
B. Australia
C. Brazil
D. U.S.A
5. Which is not a goal of the convergence project by the FASB and IASB?
A. IFRS presents opportunities for global U.S. companies to lower costs through
standardization of financial reporting, centralization of processes, improved
controls, and better cash management
A. Recommended that the SEC move immediately to allow optional adoption of IFRS by
U.S. companies
B. Supported the goal of a single set of high quality, comprehensive financial reporting
standards to be used by public companies of transparent and comparable financial
reports throughout the world
C. Reported that a majority of its members have at least a basic knowledge of IFRS and
support this position.
Total 753,154
Grover Cleveland.
G. W. Smalley.
THE NATIONAL CONVENTIONS OF 1888.
The Democratic Convention.