Question
1- The accounting disclosure that includes forecasts of revenues, income, cash flows, capital expenditures and prospective information about future economic performance or position is: A-
1- The accounting disclosure that includes forecasts of revenues, income, cash flows, capital expenditures and prospective information about future economic performance or position is: A- Segment disclosures. B- Social responsibility reporting. C- Special disclosures for non-domestic financial statement users. D- Disclosures of forward-looking information. E- Corporate governance disclosures.
2- The measurement and communication of information about a companys effects on employee welfare, the local community, and the environment is A-Disclosures of forward-looking information. B- Segment disclosures. C- Social responsibility reporting. D- Special disclosures for non-domestic financial statement users. E- Corporate governance disclosures.
3- The reporting that Integrates economic, social, and environmental performance is A- Sustainability reporting. B- Disclosures of forward-looking information. C- Segment disclosures. D- Special disclosures for non-domestic financial statement users. E-Corporate governance disclosures.
4- The efforts that include gradual elimination of differences in accounting standards and might also involve a new accounting treatment not in any current standard is A- Standardization B- Harmonization C- Convergence D- Reconciliation
5- The effort that includes that: financial statements based on home accounting standards but net income and stockholders equity are reconciled and adjusted to another accounting standards and rules is A- Standardization B- Harmonization C- Convergence D- Reconciliation
6- The IASBs Body that advises IASB board on agenda and priorities is A- Trustees B- IASB board C- Standards advisory council D- International Financial Reporting Interpretations Committee
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