Financial Reporting - 2 - Regulatory Framework скачать в хорошем качестве

Financial Reporting - 2 - Regulatory Framework

📢 Struggling with Financial Reporting? This video explains the Regulatory Framework for Financial Reporting, a key topic for ACCA Financial Reporting (FR) and IFRS studies. Learn about the rules, organizations, and enforcement mechanisms that ensure financial statements are consistent, transparent, and reliable worldwide. 🔍 What You’ll Learn in This Video: ✅ Why a Regulatory Framework is Necessary ✅ Key Organizations (IASB, IFRS Foundation, IOSCO, National Regulators) ✅ IFRS vs. Local GAAP & Convergence ✅ How IFRS is Enforced & Why Compliance Matters ✅ PLUS: 3 Multiple-Choice Questions to Test Your Knowledge! 📚 Test Your Knowledge! Answer These in the Comments: 1️⃣ What is the main role of the IASB? A. To enforce IFRS compliance in member countries. B. To develop and issue International Financial Reporting Standards (IFRS). C. To regulate auditing practices globally. D. To oversee the preparation of financial statements. 2️⃣ Which organization plays a key role in promoting high-quality financial reporting and investor protection worldwide? A. IOSCO B. IFRS Foundation C. FRC (Financial Reporting Council) D. IASB 3️⃣ What is the purpose of convergence in financial reporting? A. To simplify IFRS rules for small businesses. B. To align IFRS with local GAAP, improving global consistency. C. To eliminate all differences between IFRS and GAAP. D. To allow countries to develop completely separate financial reporting rules. 💬 Drop your answers in the comments! Let’s see who gets them all right. 👍 Like the video if you found this helpful! 🔔 Subscribe for more study content on ACCA, IFRS, and financial reporting. #ACCA #FinancialReporting #IFRS #RegulatoryFramework #Accounting #StudyTips #Finance