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Financial Accounting Quiz Exam

Financial Accounting Quiz Exam APK

Financial Accounting Quiz Exam APK

111.0.4 FreeNUPUIT ⇣ Download APK (13.91 MB)

Financial Accounting Quiz Exam financial accountancy GAAP IFRS IASB IASC

What's Financial Accounting Quiz Exam APK?

Financial Accounting Quiz Exam is a app for Android, It's developed by NUPUIT author.
First released on google play in 5 years ago and latest version released in 10 months ago.
This app has 22.9K download times on Google play and rated as 4.17 stars with 35 rated times.
This product is an app in Education category. More infomartion of Financial Accounting Quiz Exam on google play
Financial Accounting Quiz Exam
Key Features of this APP:
• At practice mode you can see the explanation describing the correct answer.
• Real exam style full mock exam with timed interface
• Ability to create own quick mock by choosing the number of MCQ’s.
• You can create your profile and see your result history with just one click.
• This app contains large number of question set that covers all syllabus area.

Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes.

Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organisations.

While financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, management accounting provides accounting information to help managers make decisions to manage the business.

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.
International Accounting Standards (IAS), while standards issued by IASB are called IFRS. IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC).

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This applications just is an excellent tool for self study and exam preparation. It's not affiliated with or endorsed by any testing organization, certificate, test name or trademark.