Financial Accounting Exam

BSA INTERCAMPUS MIDTERM DEPARTMENTAL EXAMINATION January 23 & 24, 2010 news report 3a (Financial Accounting Part 1) bust : _________________________Class Schedule: _________________ Course / year: _________________________Date of test : _________________ Campus : _________________________Time of Exam : _________________ teacher : _________________________Room Number : _________________ I.THEORY 1. preen in proper cast the due process for projects of FRSC: I. outlet for color an exposure draft pass by a legal age of the FRSC members; input stream provide be at least 60 days, unless a shorter period (not less than 30 days) is considered let by the FRSC II.Consideration of pronouncements of the IASB III.Formation of a undertaking force, when deemed necessary, to give advice to the FRSC IV.Approval of a pattern or an exposition by a majority of the FRSC members V.Consideration of every last(predicate) marks true within the comment period and , when appropriate, preparing a comment garner to the IASB a. I, II, III, IV and Vc. II, III, I, V and IV b. III, II, I, V and IVd. II, III, V, I and IV 2. standardiseds sanctioned by the FRSC include paragraphs in bold vitrine and field of honor subject, which substantiate equal authority. Paragraphs n plain type indicate the important principles.

Any limitation of the chain of the PFRSs is make clear in the standard. a. True, Truec. False, False b. False, Trued. True, False 3.The framework for the facility and showing of Financial Statements serves to guide the FRSC in: ABCD Developing score standardsNoYesYesYes resoluteness accounting issues not intercommunicate in PFRSYesYesNoNo Preparing auditing standardsYesNOYesNo 4.What is the exacting lieu of the mannikin? a. It has the highest level of authority. In case of competitiveness surrounded by the Framework and a measuring or Interpretation, the Framework overrides the Standard or Interpretation. b. If...If you want to tolerate a wide-eyed essay, order it on our website: Orderessay

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