Page 103 - CAPE Financial Services Syllabus Macmillan_Neat

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42. The standards and rules that are recognized as an overall guide for financial reporting are
called
(A) Generally Accepted Accounting Principles (GAAP)
(B) International Financial Reporting Standards (IFRS)
(C) US GAAP
(D) Ethics

43. Which of the following principles states that expenses involved in obtaining a period's
revenues should be related to the revenues recognized during the period?
(A) Conservatism convention
(B) The matching principle
(C) Revenue recognition
(D) Going-concern

44. A computer fraud and abuse technique that steals personal information is known as a
cyber
(A) attack
(B) defense
(C) war
(D) illegal

45. What is the name of the organization responsible for setting of international accounting
standards?
(A) International Accounting Standards Council
(B) International Accounting Standards Board
(C) International Organization of Securities Commissions
(D) World Trade Organization

02169010/SPEC 2016