FRS

Which is the first step to guide the development of a set of standards?

• GAAP

• Fully articulated framework

• Financial reports

• FASB

What is the full form of FASB?

• Financial Accounting Standard Board

• Financial Accounting Standards Board

• Financially Accounting Standards Board

• Financial Accountant Standards Board

Which of the following is not an Accounting Standards Board?

• FASB

• IASB

• SEC

• All of them

Who established GAAP?

• FASB

• IASB

• IOSCO

• SEC

What is the name of this chapter?

• Financial Reporting Analysis

• Financial Standards and Analysis

• Financial Reporting and Standards

• Financial Reporting Standards

Who was the man of the match of 2nd T20 of Bangladesh vs Australia?

• Shakib Al Hasan

• Afif Hossain

• Mustafizur Rahman

• Shariful Islam

A core objective of IOSCO is to:

• Eliminate systematic risk

• Protect users of financial statements

• Ensure that market is fair and transparent.

• All of them

IFRS are currently developed by whom?

• The IFRS Foundation

• IASB

• IOSCO

• FASB

How many steps are discussed in FSA framework?

• 4

• 5

• 6

• 7

Should we continue this type of quiz in every class? Yes or No?

If Yes, can you suggest any changes?

If No, Why?