Which of the following accounting concepts means that similar items should receive a similar accounting treatment?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Listed below are some characteristics of financial information.1 Relevance2 Consistency3 Faithful representation4 Accuracy
Which of these are qualitative characteristics of financial information according to the IASB's Conceptual Framework for
Financial Reporting?
Which of the following is an example of cyclical unemployment?
Which ONE of the following statements describes faithful representation, a qualitative characteristic of faithful representation?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?
Listed below are some comments on accounting concepts.1 Financial statements always treat the business as a separate
entity.2 Materiality means that only items having a physical existence may be recognised as assets.3 Provisions are
estimates and therefore can be altered to make the financial results of a business more attractive to investors.Which, if any,
of these comments is correct, according to the IASB's Conceptual Framework for Financial Reporting?
?Northland, Southland, Eastland and Westland are four countries of Asia. The following economic statistics have been produced for the year 2007.
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Which country experienced stagflation in the relevant period?
Which of the following statements about accounting concepts and the characteristics of financialinformation are correct?
1 The concept of accruals requires transactions to be reflected in the financial statements once the cash or its equivalent is
received or paid.
2 Information is material if its omission or misstatement could influence the economic decisions of users taken on the basis of
the financial statements.
3 Based on faithful representation, it may sometimes be necessary to exclude material information from financial statements
due to difficulties establishing an accurate figure.
____economic growth is determined by supply-side rather than by demand side factors.Which word correctly completes this?statement?