F7 (FR) – Chapter 2 – PART A – CBE MCQs – ACCA

These are ACCA F7 (FR) Financial Reporting MCQs for Part-A of the Syllabus “The conceptual and regulatory framework for financial reporting”.

These multiple-choice questions (MCQs) are designed to help ACCA F7 students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

  • Students should not attempt these MCQs until they have finished the entire chapter.
  • All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F7 (FR) exam.

INFORMATION ABOUT THESE CBE MCQs Test/Quiz

Course:ACCA – Association of Chartered Certified Accountants
Fundamental Level:Applied Skills
Subject:Financial Reporting
Paper:F7 – FR
Chapter and Topic02 – The regulatory framework
Syllabus Area:A – “The conceptual and regulatory framework for financial reporting”
Questions Type:CBE MCQs
Exam Section:Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part-A of the Syllabus; “The conceptual and regulatory framework for financial reporting” of ACCA F7 (FR) Financial Reporting Module.

Time

These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate

Result

Students will get their F7 CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seem correct/ or incorrect to you, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop-down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

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F7 (FR) - Chapter 02- Part A - MCQs - The regulatory framework

Course: ACCA - Association of Chartered Certified Accountants
Subject:
F7 (FR) - Financial Reporting
Syllabus Area: A - The conceptual and regulatory framework for financial reporting
Chapter: 02 - The regulatory framework
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

  1. If you are using mobile, turn on the mobile rotation and solve the MCQs on wide screen for better experience.

REQUEST

  1. Please rate the quiz and give us feedback once you completed the quiz.
  2. Share with ACCA students on social media such as, Facebook Groups, Whatsapp, Telegram, etc.

1 / 4

Which TWO of the following statements regarding systems of regulation of accounting are true?

2 / 4

The process for developing an International Financial Reporting Standard involves a number of stages.
Following receipt and review of comments on a Discussion Paper, what will be the next step undertaken by the IASB?

3 / 4

The process for developing an International Financial Reporting Standard involves a number of stages.
During the early stages of a project, the IASB will undertake consultation on the key issues. Which of the following is correct regarding the early stages of the process:

4 / 4

Which of the following would NOT be an advantage of adopting IFRS?

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