Reading 31: Financial Reporting Standards-LOS c 习题精选 2011, accounting, standards, reporting, process

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Session 7: Financial Reporting and Analysis: An Introduction
Reading 31: Financial Reporting Standards

LOS c: Discuss the ongoing barriers to developing one universally accepted set of financial reporting standards.

 

 

The process of developing one universally accepted set of accounting standards is best described as:

A) unification.

B) convergence.

C) IASB.

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Developing one universally accepted set of accounting standards is referred to as “convergence.” The IASB is an accounting standard setting body involved in the process.

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Which of the following is most likely to be considered a barrier to developing one universally recognized set of reporting standards?

A) Different standard-setting bodies of different countries disagree on the best treatment of a particular issue.

B) Reluctance of firms to adhere to a single set of reporting standards.

C) GATT already requires sufficient agreement.

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A principal obstacle to agreement on a single set of reporting standards is that various standard-setting bodies and regulatory authorities disagree on what the standards should be. Firms generally support the idea because it would reduce the cost of reporting. GATT is the General Agreement on Tariffs and Trade and does not relate to financial reporting.

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The term “convergence” is most accurately used to describe:

A) the reduction of the premium on a bond as it nears maturity.

B) when expected return and required return are equal.

C) the process of developing one universally accepted set of accounting standards.

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Moving towards agreement on a single set of accounting standards is referred to as “convergence.”

luqian55

thanks a lot

seo0794seo

就听外面传来一阵爽朗的笑声：“哈哈，老罗，好久没见……最近过得如何？听说你收了一个不错的徒弟？”
　　郭十二好奇地看着门外，心道：“大咒师？这不是和师傅同级别的大师吗？唉，以后还是要多来师傅家，可以见到很多厉害的高手，就算不能交往，也能混个脸熟！”他的想法和小孩子完全不同，在上一世就懂得拥有人脉的好处，原本准备告辞的话，也咽了回去。
　　又是一个须发皆白的老人，这个老人很有点仙风道骨的模样，如此寒冷的天气，他只穿着一身白色粗布麻衣，极其朴素的打扮，身上没有咒士或者咒师的零碎玩意儿，清清爽爽地走了进来。
　　郭十二注意到他的一双大手，雪白干净，手掌粗大，手指修长有力，感觉像是年轻人的手。他身后跟着几个仆人打扮的普通人，抬着两只木箱。当他的目光扫过自己的时候，郭十二有一种被针刺中的感觉。
　　罗桀笑嘻嘻地说道：“这次出去，收获不错吧，呵呵，居然去了一年多，才回来？”
　　吴启荣笑道：“是啊，刚回来……就赶来看看老朋友，这就是你收的徒弟？小家伙很精神嘛。”
　　不用罗桀吩咐，郭十二急忙上前道：“见过吴爷爷。”
　　吴启荣说道：“不用客气，小家伙叫什么名字？”
　　郭十二说道：“吴爷爷，我叫郭十二。”没法子，谁让自己现在还是小孩子，只能装嫩了。
　　罗桀说道：“吴老，你猜这孩子修炼了多久？”他居然也忍不住卖弄起来。
　　吴启荣上下打量了半天，说道：“以他现在的水平，我估计修炼快一年了吧？呵呵，你要让我猜，那说明小家伙修炼得很快，半年？三个月？唔，三个月有点夸张了，老罗，难道他只修炼了半年？”
　　罗桀很开心地说道：“从拜师到现在……二十天！前十天只是学习，根本没有修炼，他这次过来……呵呵，也就是说，十二他只修炼了十天！呵呵，是不是不相信啊？”
　　吴启荣大叫道：“不可能！”
　　罗桀说道：“吴老，你不知道，这小家伙来到北符门，测试完毕以后，差点闹出一场祸事，呵呵，要不然我还收不到这样出色的徒弟。”
　　吴启荣兴趣大增，问道：“什么祸事？说来听听！“
　　罗桀不紧不慢地说道：“先坐下再说，站在门口……呵呵，对吴老可是不恭敬了，请！”
　　郭十二一头雾水，心道：“祸事？什么祸事？”
    第一册  灵魂觉醒 第九章 隐忧（上）
    书香屋 更新时间:2011-5-20 1:39:11 本章字数:3654
　　罗桀、吴启荣盘腿坐下。郭十二很自觉地坐到罗桀身侧，他一点也不想离开，听两位大师聊天，哪怕是随便聊聊，也能得到很多有用的信息。
　　吴启荣兴致勃勃地问道：“发生了什么事？啧啧，只修炼了十天……简直不敢相信。”
　　罗桀说道：“常野仁那小子你知道吧，十二来测试的时候就是他主持的，去了十几个各堂的负责人，那群家伙看到测试结果，一个个全红了眼，常野仁要收徒，其他人也想收徒，这就闹起来了，一直争吵到门主那里，呵呵，争得脸红脖子粗，差一点就要动手。”
　　“祁门主的脾气你是知道的，拍着桌子把他

tian0040

Thank you for sharing