accounting class

1. IFRS helps ................................make more informed decisions

• lenders

• debtors

• bankers

• investors

2. ....................... supplies standarized data

• GAAP

• BCCH

• IFRS

• NONE OF THEM

3. ................................... are made to improve conditions

• clearance

• rules

• amendments

• regulations

4 ............................... of financial statements is of utmost relevance

• disclosure

• requierements

• issues

• earnings

5. ................................. is used to help accountants in recording financial data

• IFRS

• GAAP

• AMENDMENT

• BALANCE

6.......................... principle implies staff commitment

• prudence

• reliability

• consistency

• allof them

7. under .......................assets and liabilities report are separated

• GAAP

• BANK REPORTS

• IFRS

• TAXES RECORDS

8. REVERSALS ARE ALLOWED UNDER GIVEN CONDITIONS.......................

• GAAP

• TAXES DECLARATION

• IFRS

• REVENUE REPORTS

9. IN USA ........................................ may be asked even for a year

• revenues

• repayment

• taxes

• debts

10. ..............................is performed by an independent firm

• auditing

• accounting

• book-keeping

• tax decalration