tiếng anh

Accounting principles are the essential guidelines under which....... prepare their financial statements.

• business

• banks

• businesses

• auditors

The expense or cost of doing business is recorded in the same period as the revenue that has been generated....... the result of incurring that cost

• at

• with

• for

• as

with the..... of global standards, fair value is used more in the United States to value elements of financial statements

• effect

• convergence

• develop

• impact

All past, present and future information may have......an impact on the financial performance ò the company needs to be fully disclossed

• do

• has

• had

• did

It include the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the..... of financial statements.

• selecion

• collection

• preparation

• protection

Many coutries use the international financial reporting standards, established and..... by the international financial reporting standards board

• maintained

• maintaining

• purchased

• purchasing

Those who must rely on such information have a.... to be assured that the data are free from bias and inconsistency

• reason

• value

• name

• right

Generally accepted accounting principles(GAAP) is the standard framework of..... for financial accounting, mainly used in the USA.

• Standard

• guide

• guidelines

• form

every country has its own.... accouting practice of GAAp with standards set by a national goverming body( National GAAP)

• formula

• standard

• common

• general

the historical performance of a company is readily available, but examining the numbers does not always provide the entire..... picture of a company.

• finance

• financed

• financial

• financing