BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
1 views

Which of the following organizations has the responsibility to create IFRS?

  1. Financial Accounting Standards Board
  2. International Financial Reporting Standards Foundation
  3. International Accounting Standards Board
  4. Securities and Exchange Commission

To determine

Concept introduction:

International financial reporting framework (IFRS):

International financial reporting framework is the accounting framework/ accounting standards followed internationally to prepare the financial statements. IFRS are issued by the International Accounting Standards Board (IASB). IFRS fulfill the objective of common accounting standards worldwide.

To choose:

The correct option for organization which has the responsibility to create IFRS.

Explanation

Explanation for correct answer:

International Accounting Standards Board (IASB) has the responsibility to create IFRS. Hence correct option is d.

Explanation for incorrect answers:

a. International Accounting Standards Board (IASB) has the responsibility to create IFRS...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What is commodity money? What is flat money? Which kind do we use?

Brief Principles of Macroeconomics (MindTap Course List)

Why is productivity important?

Principles of Microeconomics (MindTap Course List)

Explain what is meant by modulus of elasticity of a material.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What is a modal code?

Precision Machining Technology (MindTap Course List)

What is the difference between a context diagram d diagram 0? Which symbol is nor used in a context diagram?

Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)

Define an equipment grounding conductor.

EBK ELECTRICAL WIRING RESIDENTIAL

What is computer crime?

Pkg Acc Infor Systems MS VISIO CD

FOREIGN INVESTMENT ANALYSIS After all foreign and U.S. taxes, a U.S. corporation expects to receive 3 pounds of...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Is a monopolist guaranteed to earn profits?

Economics (MindTap Course List)