CPA PROGRAM AUSTRALI A

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CPA PROGRAM AUSTRALI A

FINANCIAL REPORTING .-DIGITAL

FINANCE QUESTION AND CORRECT

DETAILED ANSWERS.

Question (1): What is the CPA Program designed to produce?

abilities

Correct answer: B. Future CPAs with technical skills and

strategic leadership abilities

Question (2): What is Financial Reporting primarily

concerned with?

accordance with IFRSs

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Correct answer: B. Preparing general purpose financial

statements in accordance with IFRSs

Question (3): Who issues the International Financial

Reporting Standards (IFRSs)?

Correct answer: B. International Accounting Standards Board

(IASB)

Question (4): Which company published the sixth edition of

the CPA Program Financial Reporting textbook?

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Correct answer: C. John Wiley & Sons Australia, Ltd

Question (5): Which of the following is NOT an author of the

CPA Program Financial Reporting textbook?

Correct answer: C. Peter Gerhardy

Question (6): Which author holds a PhD from Monash

University and is a FCPA?

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Correct answer: B. Dean Hanlon

Question (7): Which member of the advisory panel is from

Ernst & Young?

Correct answer: B. Peter Gerhardy

Question (8): The IFRS Foundation is responsible for:

Reporting Standards (IFRSs)