Conceptual Framework and Accounting Standards notes

conceptual_framework_and_accounting_standards__cfas__quiz_1_5 1. Accounting is a service activity and its function is to provide quantitative information, primarily financial in nature, about economic activities, that is intended to be useful in making economic decisions. This accounting definition is given by: A. Accounting Standard Council B. AICPA Committee on Accounting Terminology C. American Accounting Association D. Board of Accountancy 2. The basic objective of accounting is A. ...

conceptual_framework_and_accounting_standards__cfas__quiz_1_5 1. Accounting is a service activity and its function is to provide quantitative information, primarily financial in nature, about economic activities, that is intended to be useful in making economic decisions. This accounting definition is given by: A. Accounting Standard Council B. AICPA Committee on Accounting Terminology C. American Accounting Association D. Board of Accountancy 2. The basic objective of accounting is A. ...