OBLICON

Question 1

Represents the Generally Accepted Accounting Standards
-mandatory

Answer 1

Philippine Financial Reporting Standards

Question 2

official accounting standard setting body in the Philippines

Answer 2

Financial Reporting Standard Council

Question 3

FRSC was created under what law?

Answer 3

RA No. 9298

Question 4

RA No. 9298

Answer 4

Philippine Accountancy Act of 2004

Question 5

Philippine Accountancy Act of 2004

Answer 5

RA no. 9298

Question 6

FRSC is composed of?

Answer 6

15 individuals