Finance for Business Written Topics

  • Created by: megan
  • Created on: 15-05-19 20:42
Which accounting standard has replaced all previous standards?
The New UK GAAP
1 of 5
What is the meaning of accounting standards?
A common set of principles
2 of 5
Who is the body in the UK for issuing financial standards?
The Financial Reporting Council
3 of 5
What's the FRC's role
To set and regulate
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What is the objective of financial statements.
Provide information about the
5 of 5

Other cards in this set

Card 2

Front

What is the meaning of accounting standards?

Back

A common set of principles

Card 3

Front

Who is the body in the UK for issuing financial standards?

Back

Preview of the front of card 3

Card 4

Front

What's the FRC's role

Back

Preview of the front of card 4

Card 5

Front

What is the objective of financial statements.

Back

Preview of the front of card 5

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