Focus
Planner
News
Login
Get Started

IFRS and US GAAP midterm

ifrs-and-us-gaap-midterm

Exit

Question 1 of 1

Time Left

0

604016

0

60

block

What is the website used for FASB?

Select the correct answer(s).

(0/0)

0

1

2

1

604017

0

60

none

What is the website used for IASB?

Select the correct answer(s).

(0/0)

0

1

2

1

604018

0

60

none

Who writes the rules for USGAAP and IFRS respectively?

Select the correct answer(s).

(0/0)

0

1

2

1

604019

0

60

none

What is the form 10k?

Select the correct answer(s).

(0/0)

0

1

2

1

604020

0

60

none

Who is the regulator that requires the form 10k?

Select the correct answer(s).

(0/0)

0

1

2

1

604021

0

60

none

Name three differences between the US GAAP and IFRS.

Select the correct answer(s).

(0/0)

0

1

604022

0

60

none

What is the LIFO reserve?

Select the correct answer(s).

(0/0)

0

1

2

1

604023

0

60

none

How do you calculate potential tax saving under LIFO?

Select the correct answer(s).

(0/0)

0

1

2

1

604024

0

60

none

Which measurements of inventory are capitalized?

Select the correct answer(s).

(0/0)

0

1

2

1

604025

0

60

none

When does an inventory write down occur?

Select the correct answer(s).

(0/0)

0

1

2

1

604026

0

60

none

What are the steps of the impairment of an asset?

Select the correct answer(s).

(0/0)

0

1

604027

0

60

none

Name 3 external and 3 internal impairment indicators.

Select the correct answer(s).

(0/0)

0

1

604028

0

60

none

What are the two impairment models?

Select the correct answer(s).

(0/0)

0

1

2

3

2

604029

0

60

none

Explain the difference in impairment calculation using (i) Cost model and (ii) Reevaluation model.

Select the correct answer(s).

(0/0)

0

1

604030

0

60

none

How does the treatment of impairment differ for IFRS and US GAAP?

Select the correct answer(s).

(0/0)

0

1

Results

Correct

0 Incorrect

0 Skipped

0 Overall Percentage

0%

Saving quiz

Save Score

Rate Quiz

Save Rating

Exit

Correct Answer

You've answered correctly.

Answer Incorrect

You've answered incorrectly.

Out Of Time

You've ran out of time.

Save

To save scores or ratings you'll need to login or register.

Sign In

Register

Audio Settings

Language

Set the correct audio language for your text.

Danish Dutch English French German Icelandic Italian Japanese Korean Norwegian Polish Portuguese Romanian Russian Spanish Swedish Turkish Welsh

Highlighting

Improve your learning by highlighting words as they are spoken.

Word-By-Word Highlighting

Listen To Audio

You can play quizzes, courses and flashcards without needing to login. However to save scores and to make quizzes, courses and flashcards you'll need to be logged in. To play audio you'll need to be logged into a Professional Account.

Register Login

Listen To Audio

Take your learning to the next level. Upgrade to a Professional Account to hear your questions read aloud as well as enjoying many other benefits.

Audio is generated for any question or answer you create.

Many people learn better when they listen to what they're learning. For learning a foreign language we supported over 18 different languages.

Supported languages include Danish, Dutch, English, French, German, Icelandic, Italian, Japanese, Korean, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish, Turkish and Welsh.

We also support automatic word-by-word highlighting as words are read aloud.

Find Out More