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Exam (elaborations)
Financial Accounting Theory - Test Bank 80102016 - 2
FINANCIAL ACCOUNTING THEORY - TEST BANK - 2 
1.	The objectives of financial reporting are based on 
a.	Generally accepted accounting principles 
b.	Reporting for regulators 
c.	The need for conservatism 
d.	The needs of the users of the information 
 
2.	The relevance of providing information in financial statements is subject to the constraint of 
a.	Comparability 
b.	Cost-benefit 
c.	Reliability 
d.	Faithful representation 
 
3.	Which of the following is an enhancing quality that relates to b...
Exam (elaborations)
Financial Accounting Theory - Test Bank 80102016 - 2
PopularFINANCIAL ACCOUNTING THEORY - TEST BANK - 2 
1.	The objectives of financial reporting are based on 
a.	Generally accepted accounting principles 
b.	Reporting for regulators 
c.	The need for conservatism 
d.	The needs of the users of the information 
 
2.	The relevance of providing information in financial statements is subject to the constraint of 
a.	Comparability 
b.	Cost-benefit 
c.	Reliability 
d.	Faithful representation 
 
3.	Which of the following is an enhancing quality that relates to b...
Exam (elaborations)
Financial Accounting Theory - Test Bank 80102016 - 2
FINANCIAL ACCOUNTING THEORY - TEST BANK 
1.	The objectives of financial reporting are based on 
a.	Generally accepted accounting principles 
b.	Reporting for regulators 
c.	The need for conservatism 
d.	The needs of the users of the information 
 
2.	The relevance of providing information in financial statements is subject to the constraint of 
a.	Comparability 
b.	Cost-benefit 
c.	Reliability 
d.	Faithful representation 
 
3.	Which of the following is an enhancing quality that relates to both ...
Exam (elaborations)
Financial Accounting Theory - Test Bank 80102016 - 2
FINANCIAL ACCOUNTING THEORY - TEST BANK - 2 
 1. The objectives of financial reporting are based on 
 a. Generally accepted accounting principles 
 b. Reporting for regulators 
 c. The need for conservatism 
 d. The needs of the users of the information 
 
 2. The relevance of providing information in financial statements is subject to the constraint of 
 a. Comparability 
 b. Cost-benefit 
 c. Reliability 
 d. Faithful representatio...
Exam (elaborations)
Financial Accounting Theory - Test Bank 80102016 - 2
FINANCIAL ACCOUNTING THEORY - TEST BANK - 2 
1.	The objectives of financial reporting are based on 
a.	Generally accepted accounting principles 
b.	Reporting for regulators 
c.	The need for conservatism 
d.	The needs of the users of the information 
 
2.	The relevance of providing information in financial statements is subject to the constraint of 
a.	Comparability 
b.	Cost-benefit 
c.	Reliability 
d.	Faithful representation 
 
3.	Which of the following is an enhancing quality that relates to b...