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This app contains thousands of real exam questions for selflearning& exam preparation on the topic of FinancialAccounting, IFRS& GAAP. With our Advanced Smart LearningTechnology, you canmaster the learning materials quickly bystudying, practicing andplaying at lunch, between classes or whilewaiting in line.Financial Accounting Exam prep uses proven studyand test-takingstrategies so that you’ll feel confident and readyto go when youhave to take the Financial Accounting Exam. MainFeatures: +)Learning materials are prepared by EXPERTS in thisfield for themost current exam. +) Experience the real examenvironment by theEXAM SIMULATOR. +) Automatically FILTER yourmost difficultquestions. +) Learn more efficiently by PLAYINGgames with timeconstraint. +) TRACK your progress on every smallset you'vestudied. Financial accounting (or financial accountancy)is thefield of accounting concerned with the summary, analysisandreporting of financial transactions pertaining to a business.Thisinvolves the preparation of financial statements availableforpublic consumption. Stockholders, suppliers, banks,employees,government agencies, business owners, and otherstakeholders areexamples of people interested in receiving suchinformation fordecision making purposes. Financial accountancy isgoverned by bothlocal and international accounting standards.Generally AcceptedAccounting Principles (GAAP) is the standardframework ofguidelines for financial accounting used in any givenjurisdiction.It includes the standards, conventions and rules thataccountantsfollow in recording and summarizing and in thepreparation offinancial statements. On the other hand,International FinancialReporting Standards (IFRS) is a set ofinternational accountingstandards stating how particular types oftransactions and otherevents should be reported in financialstatements. IFRS are issuedby the International AccountingStandards Board (IASB). With IFRSbecoming more widespread on theinternational scene, consistency infinancial reporting has becomemore prevalent between globalorganizations. While financialaccounting is used to prepareaccounting information for peopleoutside the organization or notinvolved in the day-to-day runningof the company, managementaccounting provides accountinginformation to help managers makedecisions to manage the business.International Financial ReportingStandards (IFRS) are designed as acommon global language forbusiness affairs so that company accountsare understandable andcomparable across international boundaries.InternationalAccounting Standards (IAS), while standards issued byIASB arecalled IFRS. IAS were issued between 1973 and 2001 by theBoard ofthe International Accounting Standards Committee(IASC).Disclaimer: The publisher of this app is not affiliated withorendorsed by any testing organization. All organizational andtestnames are trademarks of their respective owners.
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IFRS for You 1.8
Welcome to IFRS for You. The app provides summarized versionofallIFRS, IAS, IFRIC, SIC along-with selected FAQsofrespectivestandards. Features of app: 1. It's free no charges2.Noadvertisement 3. No personal information sought 4. EasytonavigateIt's ideal for students and working professionals.Maywrite to usfor any suggestions. So tune in and happy reading :)